The Litecoin token traded within a range of $163 to $185 last week. The LTC coin is currently trading at $181 at the time of writing this article and the coin could rise in the future if volumes continue to rise. The LTC coin has a loyal community of followers and the coin could reward its early owners if it recovers in the short term.
How and Where to buy Litecoin in the UK and elsewhere
To buy cryptocurrencies, go to a broker/exchange website and click on the “Sign Up Now” or “Register” button. Then enter a username, password and email address. Under the Know Your Customer (KYC) standards, you must also verify your identity and address. The website will ask you to submit copies of your driver’s license or utility bill to comply with KYC regulations.
Avoid using decentralized exchanges because they are unregulated. For your convenience, we have shortlisted two of the best platforms for trading.
eToro
eToro is one of the leading trading platforms for investing in crypto assets. Packed with features including copy trading, advanced technical charts and a range of trading tools, eToro’s platform is suitable for beginners and professionals alike.
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Binance
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the largest cryptocurrency exchanges on the market.
Buy LTC now at Binance
What is Litecoin?
Litecoin is a popular altcoin and was developed as a competitor to the groundbreaking cryptocurrency Bitcoin. It offers lower fees and faster transaction times. The coin only has a stock of about 20% left, which can be mined. After that, it becomes increasingly rare and perhaps that is why the token is attracting a lot of interest in the crypto community.
Should I buy Litecoin today?
The LTC token could move towards the $200 mark if the bulls decide to start a rally. The coin could very well be aiming for new highs as the whales begin to accumulate in large quantities.
The LTC token is widely used for payment services worldwide, and the coin is also attracting new interest from investors. Traders could also take advantage of price volatility to make short-term gains.
This article is for information purposes only – none of the information is to be understood as financial or investment advice.