LTC/USD (Litecoin to USD) currency pair displays the LTC price in USD. Namely, it means that the cost of Litecoin is calculated in the US Dollars, indicating the amount of USD needed for 1 LTC purchase. All the current and past price movements for the LTC/USD currency pair can be tracked on the Litecoin to US Dollar chart.
Trading LTC/USD means opening positions (exposures) to benefit from the LTC price changes. You can do LTC/USD spot trading, i.e. buying and selling on an exchange, like CEX.IO, where crypto assets change hands when traded. Or you can choose LTC/USD margin trading, i.e. trading with leverage on a cryptocurrency derivatives platform, like CEX.IO Broker.
CEX.IO Broker allows users to benefit from Litecoin to USD (and other currency pairs) margin trading based on Contracts for Difference (CFDs). The main task of such trading is to monitor price fluctuations and to open corresponding positions. Long - when you expect the LTC price to go up. Short - if down. If your price analysis turns out correct and the price moves in the anticipated direction, your positions become profitable.
CEX.IO Broker provides leverage from 2x to 100x. Apply different leverage size for your separate trading subaccounts and strategies. We have an option suitable for any risk appetite.
You do not need to own Litecoin to trade LTC/USD on CEX.IO Broker. The derivatives-based margin trading platform, CEX.IO Broker lets you benefit from price changes of an asset without you needing to buy or sell that very asset. You can fund your trading account with BTC, ETH, or USDT and trade any pair on the platform.
CEX.IO Broker users can profit from even the smallest price movements, as we put a lot of effort into maintaining the narrow spreads. We work with the biggest exchanges, liquidity providers, to ensure that you can successfully execute orders of any size at an optimal price. More pros of LTC to USD (or any other pair) margin trading on CEX.IO Broker are outlined HERE.
To expand your trading flexibility, you can open up to 10 different isolated subaccounts (trading accounts). Choose BTC, ETH or USDT as the trading account currency and trade any currency pair available on the platform.
Execute independent strategies on each of the accounts in different pairs, currencies, with different leverage. Experiment, test hypothesis, fine-tune your style on separate accounts with control. Your margin is isolated between accounts so losses on one would not affect profits on the other.