WHAT IS LITECOIN? HOW CAN I TRADE IT?

Litecoin (LTC) is an open-source Decentralized peer-to-peer cryptocurrency that allows secured immediate transaction with nearly near-zero value of cost, Litecoin is an early bitcoin spinoff (Altcoin), it’s thought of to be a sophisticated type of Bitcoin with a mean block-time of two.5 minutes.

Litecoin was launched by Charlie Lee (a former Google worker) on 7^th October 2011 through an open-source shopper on GitHub, Litecoin is licensed underneath MIT License and makes use of the script primarily based community algorithm in its proof-of-work.

From the onset of its launch until date Litecoin has skilled an amazing rise each in its worth and within the whole market cap, the worth of Litecoin analysts have been estimated to surpass $500 earlier than the tip of 2022, thereby surpassing its all-time excessive (ATH). 

 LITECOIN PRICE STATISTICS

Litecoin worth                                    $146.40 (as of the time of writing this text)

Market Dominance                         0.95%

Market Rank                                    #7

Market Cap                                      $9,688,989,939.15

All Time Excessive (Dec 19,2017)         $375.29      61.05%

All Time Low  (Jan 14,2015)       $1.11       13023.49%

Litecoin ROI                                       $3298.98%

Circulating Provide                          66,289,591 LTC

Whole Provide                                     66,289,591 LTC

Most Provide                            84,000,000 LTC.

Web site Litecoin Block question Explore

QUESTIONS/ANSWERS ON HOW TO TRADE LITECOIN ON BITYARD CONTRACT TRADING, SPOT EXCHANGE, AND COPY TRADING.

Initially, To proceed with any buying and selling on Bityard it’s important to register utilizing this Link it will take solely 30 seconds.

What Is Bityard?

Bityard is a worldwide famend cryptocurrency/Derivatives buying and selling platform primarily based in Singapore, they provide contract buying and selling, spot alternate, and replica commerce providers for each cryptocurrency pairs and Derivatives. It offers a secure, easy, and really quick cryptocurrency buying and selling setting and is obtainable in additional than 150 nations around the globe.

REGULATION

Bityard affords a well-leveraged marketplace for traders (as much as x100) and can also be absolutely regulated and compliant with worldwide Legal guidelines.

What are the cryptocurrency pairs supported by Bityard?

Cryptocurrencies contract buying and selling pairs supported by Bityard consists of;

Bitcoin (BTC/USDT), Ethereum(ETH/USDT), Litecoin (LTC/USDT), Ripple(XRP/USDT), Sprint (DASH/USDT), BitcoinCash (BCH/USDT), Chainlink (LINK/USDT), Ethereum Traditional (ETC/USDT), Tron(TRX/USDT), Cardano(ADA/USDT), EOS(EOS/USDT), Cosmo Atom (ATOM/USDT), Polkadot (DOT/USDT), Kyber Community(KNC/USDT), Uniswap (UNI/USDT), Stellar Lumens (XLM/USDT), Ox (ZRX/USDT), Tezos (XTZ/USD), Fundamental Consideration Token(BAT/USDT).

Derivatives contract buying and selling provided by Bityard;

These embrace:

Pure Fuel, Nasdaq 100, China A50, Silver, Crude Oil, Mini Dow, Gold, Copper, DAX, Nikkei225, Cling Seng.

What’s Litecoin contract buying and selling?

Litecoin Contract buying and selling is a sort of strategic buying and selling whereby traders are allowed to commerce in any route of the cryptocurrency securities (Litecoin) in different make a revenue primarily based on the settled worth distinction between the opening and shutting commerce costs with out truly holding the asset (Litecoin).

With these technique traders are likely to make extra revenue sooner than after they truly maintain the asset (Litecoin), traders are additionally hedged from the chance of potential devaluation of the cryptocurrency (Litecoin).

Tips on how to commerce Litecoin on Bityard contract buying and selling?

Firstly, Obtain The Bityard app, then register utilizing the Link (lower than 30sec), you at the moment are few steps away from buying and selling the Litecoin/USDT pair (LTC/USDT) on Bityard contract buying and selling.

The Bityard contract buying and selling for Litecoin entails speculating the route of the worth motion of the LTC/USDT pair inside an estimated interval(customizable), thereby making revenue primarily based on the settled distinction between the opening and shutting costs of your preliminary entry with out truly holding the Litecoin.

To have the ability to commerce, following registration, the investor must make a deposit into their Bityard Accounts by;

1. Choosing deposit on my Property web page.
2. Choosing the specified forex within the Forex Possibility.
3. Copying the displayed deposit deal with or QR code on the precise facet.
4. Lastly, Depositing into the copied forex deal with.

NB; – Deposit the precise cryptocurrency into its personal deal with.

-Deposit addresses could change, so all the time verify the deposit deal with on the deposit web page earlier than every deposit.

– All Deposits on Bityard are made utilizing cryptos.

– Cryptocurrency deposit requires community node affirmation; Completely different currencies require totally different affirmation time (Usually 10-60 minutes).

After affirmation of deposit, traders can now commerce LTC/USDT pairs utilizing the next steps;

1. Click on on the contract icon on the entrance web page, then click on on the crypto icon for desktop customers, for cell customers the LTCUSDT pair is already on the entrance web page as one of many really helpful pairs.

1. Navigate to the LTCUSDT pair on the Important space, and click on on it (for desktop customers).
2. This new tab will show the LTCUSDT pair chart (from Tradeview), Displaying the dwell worth motion of the LTCUSDT pair in the meanwhile (The identical for each desktop and cell customers)

NB; now you can add indicators (SMA, VWAP, BOLLINGER, STOCHASTIC, and so forth.) to your chart.

1. Choose the leverage you want to commerce with (starting from x5 – x50 for the LTCUSDT pair)

NB; this determines the amount of Litecoin property you could be allowed to purchase or promote.

1. Choose the specified margin you want to commerce with (minimal margin = 5USDT, most margin =1000USDT).

NB; This determines the amount of Litecoin (Qty LTC) you need to purchase or promote in the meanwhile utilizing XUSDT.

1. Click on on Transaction settings or on the TP/SL Ratio icon(desktop customers) to Set your required proportion Take revenue/ Cease Loss stage (This is essential particularly for inexperienced persons), Set your in a single day buying and selling order (whether or not to shut order or to maintain your order open after the closing hour 05:55:00 SGT ), then verify your settings.

1. Now you can execute your order by clicking on the BUY or SELL

NB; To maintain your order open, Tick the in a single day toggle field.

                   TRADING RULES FOR LTCUSDT PAIR.

Buying and selling hours      7x24hours

Leverage               5x – 50X

Holding Time       Everlasting

Closing Time        Auto closing at 05:55:00 SGT.

Charges                      Buying and selling charges calculation = Margin X Leverage X 0.05%

In a single day price calculation = Margin X Leverage X 0.045%

NB; in a single day price is free at 05:55:00 SGT (inside 12hrs).

NB; you possibly can monitor your entry utilizing the Dwell place, Commerce Historical past, pending order and Transaction Historical past on the backside web page.

Open commerce TP&SL Ratio could be modified anytime, by clicking on the commerce after which on the settings icon.

• Open trades may also be closed anytime the investor needs, by clicking on the commerce after which on the shut icon. 

Tips on how to commerce Litecoin on Spot Trade.

Bityard additionally affords Litecoin Spot alternate to its customers, this entails the fast direct alternate of LTC (at its present market worth) with one other coin (often USDT), The spot alternate is often an immediate commerce.

The spot alternate choice is just not but accessible for cell customers, Due to this fact cell Customers have to vary their cell browser into the Desktop model in different to utilize the spot alternate on Bityard.

NB; cell customers can change to the desktop model by (1). utilizing a browser (chrome)after which (2) touching the browser choice icon, after which you (3) click on on the “Request Desktop web site”. 

Steps on the right way to commerce Litecoin utilizing spot alternate;

1. Login in to your account.
2. Click on on the spot alternate icon.
3. Navigate to the LTCUSDT pair and click on on it, It will show the LTCUSDT chart and order ebook.
4. now you can enter the worth of USDT or the quantity of LTC you need to purchase or promote in the meanwhile.
5. you possibly can enter your TP/SL Ratio by sliding the proportion bar above the purchase or promote button both to the precise or left.
6. Click on on the BUY or SELL icon to enter your LTC order. 

NB; To watch your LTC Open orders, scroll right down to the underside web page to your Open Order, Order Historical past, Commerce Historical past, and Funds.

Open Orders may also be closed immediately by clicking on any of the Open Orders after which clicking on the shut icon.

Tips on how to commerce Litecoin utilizing the Bityard Copy commerce,

Copy commerce is the newest improvement on Bityard platform, This enables customers to mechanically copy trades executed by different traders on Bityard monetary market.

The primary goal of this copy buying and selling is to allow inexperienced persons or traders who’re too occupied to have the ability to commerce and make earnings whereas paying somewhat proportion of the revenue they’ve realized

from the commerce to the traders there are coping from. 

The next steps present the right way to commerce Litecoin utilizing the copy commerce on Bityard;

1. Login to your Bityard account utilizing cell or desktop.
2. Click on on the copy commerce icon (for each cell and desktop customers).

1. For cell customers;

• Search, Choose, and observe the Dealer of alternative who trades on the LTC/USDT pair.
• Set whether or not or to not copy the merchants’ subsequent commerce, whereas your Open order continues to be ongoing by clicking on the “Swap toggle field”.
• Set the quantity (USDT) you need to copy-trade with.
• Set your most day by day margin (NB; when this margin is reached for the day you possibly can’t copy trades once more).
• You possibly can set the Most Place Quantity (USDT) from the superior settings.
• Select whether or not or to not shut commerce alongside the dealer, in any other case, trades will probably be closed in line with your individual TP/SL Ratio.
• Then click on on

1. For Desktop Customers;

• Click on on the following icon of any of the merchants who commerce on the LTC/USDT pair.
• Set your Desired observe mode, They’re two varieties (1) Mounted Depend and (2) Mounted Ratio.
• Click on 

NB; Merchants could be filtered primarily based on (1) Model, (2) P/L Ratio in 30Days, (3) buying and selling days. 

Tips on how to unfollow copied merchants 

You possibly can unfollow merchants by clicking on the merchants’ edit icon, then click on the unfollow icon (The identical for each cell and desktop customers) 

How is the copy merchants paid?

The merchants are paid on the finish of the day, from the revenue realized by the copier after copying from them primarily based on the transaction price they go for of their copy commerce account. 

CONCLUSION;

Bityard is a extremely regulated world famend buying and selling platform that gives a secure, easy, and really quick contract buying and selling, spot alternate, and replica commerce on each cryptocurrency and Derivatives.

The Bityard platform could be very straightforward to make use of (Consumer pleasant and concise), giving most novice merchants entry to the crypto contract world.

Litecoin, one of many prime 7 rating cryptocurrency could be traded on Bityard utilizing “The Bityard contract buying and selling, spot alternate, and replica commerce”, This permits traders to make extra revenue even within the slightest motion of the worth (contract buying and selling), or by the fast alternate of Litecoin (on the present market worth) to a different coin inside a given time frame (spot buying and selling). These hedges traders from the chance of potential devaluation of Litecoin in the event that they had been truly in possession of the coin.

Bityard has additionally integrated into their system “THE COPY TRADE” which is a groundbreaking innovation, as this exhibits that Bityard truly has its traders at coronary heart, it will allow inexperienced persons or extremely occupied traders to have the ability to commerce and make a revenue by copying from the professionals within the buying and selling world.

Bityard has a large reached protection that features over 150 nations around the globe, they’re extremely regulated and in addition compliant to worldwide legal guidelines.

Depositing and withdrawing from Bityard is made utilizing cryptocurrencies and it’s additionally so simple as ABC.

For more information go online to Bityard (advanced contract made easy and clear)