Trading $LTC at the current price of $130.36 means buying or selling the actual asset instantly on exchanges. When you buy LTC on the spot market, you own the coin outright and can hold, transfer, or sell it anytime. Spot trading is straightforward and popular among crypto investors.

In spot trading, managing risk is essential, and this is where a stop loss becomes important. A stop loss is an automatic sell order triggered when LTC’s price falls to a set level, limiting your losses if the market moves against you. For example, if you buy LTC at $130.36, setting a stop loss at $125 helps prevent bigger losses during sudden dips.