LTC/RUB Brokers

The LTC/RUB forex pair refers to the trading relationship between Litecoin and the Russian Ruble. Litecoin, abbreviated as LTC, is an open-source, peer-to-peer digital cryptocurrency, often considered as the silver to Bitcoin's gold. It was created by former Google engineer Charlie Lee in October 2011 as a fork of Bitcoin, with the aim of having a faster, lighter, and cheaper to use alternative to Bitcoin.

On the other hand, the Russian Ruble, abbreviated as RUB, is the official currency of Russia, and its value tends to be impacted by the economic and political events in Russia. Given the decentralized nature of Litecoin and the localized nature of the Ruble, their value against each other can see substantial fluctuations, which can create significant opportunities for forex traders.

As with all forex trading, investing in the LTC/RUB pair comes with its own set of risks and rewards that need to be considered carefully. And for this reason, this pair is traded on certain brokers that offer cryptocurrency trading paired with traditional fiat currencies.

The performance of the LTC/RUB pair is affected by a range of factors both within and outside the cryptocurrency and foreign exchange markets. Key influences include economic sanctions, changes in Russia's fiscal and monetary policy, oil price fluctuations, changes in Russia's political stability, and overall economic performance.

The price of Litecoin itself is influenced by a range of factors that are prevalent in the digital currency market. These include the level of media coverage it receives, overall demand and supply of the coin, any changes in regulatory news or events, and overall investor sentiment towards the cryptocurrency market.

In addition, technological advancements or issues with Litecoin's underlying technology can also impact the price. A new update or significant change in Litecoin’s protocol can affect its price, as can fluctuations in the rate of block generation, or the rate at which new LTC is created.

Investors should also keep an eye on changes in adoption rates of Litecoin as a means of payment; if more merchants start accepting LTC, demand for the cryptocurrency can increase, potentially boosting its value against the RUB. Likewise, if demand falls, the value of LTC could depreciate against the RUB.

Overall, trading the LTC/RUB pair requires staying updated on a range of elements - economic factors influencing the RUB, wider developments in the crypto market affecting LTC, and technological changes specific to Litecoin itself.