"LTCUSD is a Forex trading instrument consisting of the Litecoin cryptocurrency (Litecoin) and the US dollar. The quote shows how many US dollars can be purchased for one Litecoin token.
Litecoin is a cryptocurrency developed based on the Bitcoin code. It is used in the decentralized payment system of the same name. The developers supposed it would be a more reliable and faster alternative to its "big brother". This is partly true: the speed of LTC transactions is four times higher than that of Bitcoin, which allows you to transfer funds with a lower commission.
Accessibility is Litecoin's particular feature. You can mine tokens without special equipment, in contrast to Bitcoin. Moreover, LTC coins can be exchanged for real money and other cryptocurrencies. The limited issue of Litecoin is also an advantage. The total supply is 84 million tokens, so the deficit level will remain consistently high. It will positively affect the exchange rate when demand grows.
The LTCUSD pair is popular with Forex traders. If Bitcoin is "gold", Litecoin is "silver". It is cheaper and moderately volatile compared to other cryptocurrencies. However, the LTCUSD pair is a less predictable instrument compared to traditional assets. Thus, speculative strategies should be used on short time frames.
Risk warning: Trading in FX and CFDs entails high risk of losing capital.


