Best Litecoin Trading Bots

Litecoin began its surge in March 2017, climbing to its new all-time high on July 4th (53.60$). Before that, its record was 33.72$ on December 1st, 2013. Litecoin has hit the 1 billion market cap at the beginning of July and also received a boost from BitGo, which started supporting it and providing security services for its platform.

Having said all that, Litecoin definitely looks like one of the most desirable cryptocurrencies out there. If you’ve also given some thought to automating your exchange experience, we have a complete list of auto-pilot trading tools that will fit the job perfectly.

Our team has performed an all-encompassing research, administering an elaborate set of criteria to the overall pool of the most popular automated trading bots. This is our final and optimized list of the best Litecoin trading bots, which can help you monitor the markets 24/7, constantly identifying lucrative trading opportunities.

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HaasOnline is a unique trading software which integrates user suggestions in its core algorithm. The platform is constantly evolving, incorporating high-quality changes, as well as new indicators and cryptocurrency exchanges.
  • Extensive platform backtesting available
  • More than 50 license-tailored indicators
  • 3 different expertise-dependent licenses
  • A broad scope of different trading bots
OUR RATING
9.6
USER RATING
Fully automated trading strategies enabled by a CoffeeScript-based programming language are the main forte of this algorithmic trading platform. The trading robots monitor the markets 24/7 and operate in a scalable VPS cloud.
  • Cryptotrader can't hold/access your funds
  • No software/plugins installation required
  • Bot developers can rent their strategies
  • API keys cannot perform asset withdrawal
OUR RATING
9.1
USER RATING
BTC Robot is a pioneering trading automation platform, allowing for 24/7 market monitoring and extracting charts of the recurring trends. Featuring 3 preset modes, it easily identifies the most opportune buying/selling moments.
  • Unique state-of-the-art trading algorithm
  • The offer contains 3 operating packages
  • The lowest initial deposit on the market
  • Generous 60-day money back guarantee
OUR RATING
8.8
USER RATING
Margin Software was launched in 2013. It's the company behind leonArdo, an auto-pilot blockchain trading interface. leonArdo supports decentralized and centralized exchanges and comes bundled with 2 automatic trading strategies.
  • A multitude of major exchanges supported
  • Available for Windows, Linux, and Mac OS X
  • Virtual machines can also run the software
  • A free demo version of leonArdo available
OUR RATING
8.4
USER RATING

How To Choose The Best Litecoin Trading Bots

Leaving the future of your trades to pre-set automated software is definitely an intimidating idea at first – and rightfully so. The “scam-train” grew simultaneously with the rise of the “big 4,” meaning a thorough research is needed in order to start fully automating your trading experience. Therefore, we’ll elaborate on the most important factors used in making our final list of the best Litecoin trading bots.

The reliability of a company and its trading platform is one of our primary concerns, given the sheer number of aforementioned scamming operations. The criterion aims at confirming or negating the legitimacy of the company’s algorithm. Plainly put, we want to determine whether the algorithm actually makes the trades with your best interest in “mind” or is it simply a cover up for an elaborate Ponzi scheme. This is where backtesting comes into play. We want to test the bot in a large number of various market conditions and on a multitude of cryptocurrency pairs. You need to know how your trading bot will behave in situations of high volatility, but also how it will be affected by announcements, important news, and so on. A successful backtest will also outline the maximum drawdown, as well as potential wins and losses, all in the effort to indicate the overall risk-reward ratio. The bot merchant with nothing to hide will always let you perform your own backtesting, meaning that any other outcome is a major red flag in our book.

In order to find out who stands behind certain companies/software, we had to introduce the transparency criterion. Over time, this category expanded to incorporate the “action tests” of the trading bots. Before deciding on a certain option, you need to see the trading software in action, meaning in real-time. One of the red flags we often see with many bot merchants is the potential winning ratio between 90-99%. This is not intrinsically problematic (although highly unlikely), unless they’re basing this number on simulated trading. There’s a couple of differences between simulated and real-time trading you’ll definitely want to keep in mind. Primarily, simulated trading is conducted under strictly controlled circumstances while real-time trading needs to account for a myriad of factors, the most important ones being the extreme volatility and sheer chaos on the trading markets. On top of that, real-time trading is always conducted with liquidity in mind while simulations don’t even have to take it into account. Furthermore, simulations are easily skewed and manipulated in order to present a more capable trading bot than it really is. With all that in mind, the general rule of thumb is that only real-time trading can reveal the specific trading bot for what it truly is.

Profitability is the main reason why anybody even notices cryptocurrencies in the first place. One of the best bot behavioral tests in that regard is discovering its order size limitations. Many of the popular options are programmed to work flawlessly with a certain order size but fail utterly once the size is changed. The ideal trading bot doesn’t “care” if it’s ordering 3 or 300 Litecoins and should provide the same level of profits in all cases. If it doesn’t, however, something’s not right.

Overall experience depicts the level of user satisfaction with all the aforementioned factors combined. The ultimate goal of every service is to meet the rational demands of its users. This criterion helps us to spectate the trading bots from a different perspective, always providing invaluable insight only an abundance of user feedback can offer.