Litecoin is a great cryptocurrency. Launched in 2011 it’s almost as old as Bitcoin. Like many other cryptocurrencies, it employs a proof-of-work consensus protocol and relies on mining for its security. It’s a lite version of Bitcoin enabling much faster and more efficient transactions, which makes it possible to employ Litecoin in microtransactions.
At the moment 1 LTC is with more than $100, and Litecoin’s market cap of $7.5 bn, which places Litecoin just outside the top 20 largest cryptos.
With SimpleFX you can invest your Litecoin, so not only you can benefit from the rising prices in the long term, but multiply it by investing in stocks, commodities, forex, or other cryptocurrencies.
Only this week we give away $150 for Litecoin deposits. The size of the bonus depends on the amount of your first deposit made to the LTC account:
- $30 for a deposit higher than $100
- $50 for a deposit higher than $250
- $150 for a deposit higher than $500
This is a limited-time offer active from March 7 to March 11. Read T&C for more details.
You can combine the $150 Special Litecoin Bonus with a $2,500 First Deposit Bonus. Make sure that the first deposit to your new SimpleFX account is big.
Reinvest Your Crypto!
Cryptocurrencies and stocks have been losing value recently. While long-term investors would hold to their portfolios, it would be wise to put your crypto to work to make more profits short term: Bitcoin, Litecoin, Ether, and other coins.
Trading with SimpleFX, you can benefit from stock or crypto prices going up or down. Shorting tech companies like MicroStrategy or selling Bitcoin or Litecoin with leverage proved an excellent tactic for traders. If you hold a substantial BTC or LTC, you can hedge your long position with intelligent shorts.