Litecoin - the perfect complement to Bitcoin
A system capable of administering the biggest volume of transactions of Bitcoin
Litecoin, as with other digital currencies, is now an asset for those who operate through the main brokers in the market
Updated : 15:57
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Cryptocurrencies have become one of the most popular assets to invest in in recent times. After the technology of ‘blocks’ there have been many payment methods which are threatening to end financial intermediaries.
Litecoin is a global network of payments of open code that is totally decentralised and without any central authority backing it up, developed as a free software project published under the MIT/X11 licence. In addition it attempts to provide confirmation times for faster transactions than other digital currencies and presents itself as a business medium complementary to Bitcoin.
Its strong point resides in its blockchain. Its system is able to deal with the biggest volume of transactions for its counterpart Bitcoin. This favours sellers which obtain faster confirmations and at the same time they have the possibility of waiting for more confirmations as they sell the most costly assets.
Litecoin, as with other digital currencies, is now an asset for those who operate through the main brokers in the market, eToro for example. Investors can trade Litecoin in a safe and secure manner, in which they will be able to open a long or short position according to the current price of Litecoin in a matter of seconds.
Litecoin has risen more than 1,300% this year, but how investors know when is the best moment to buy and sell is tricky. Thanks to eToro and its community of more than five million users, investors will be able to learn from the leaders of the market, discover how to invest and replicate their strategies.
In addition, users which register with eToro will receive a virtual account of 10,000 dollars to design their portfolio and try different investment strategies. Through this platform, investors will be able to create and manage portfolios “based on people” and compete in monthly trading challenges.
*Cryptocurrencies can fluctuate widely in prices and are therefore not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Past performance does not guarantee future results. Trading history presented is less than 5 years and may not suffice as basis for investment decision. Your capital is at risk.