Lambo

Shorthand for Lamborghini, an exotic car that people often refer to in their excitement over getting rich from cryptocurrencies. Often used in cryptocurrency communities when asking when prices may rise again by saying: “When Lambo?” It is usually combined with “When moon?”

Ledger

A record of financial transactions that cannot be changed, only appended with new transactions.

Leverage

A loan offered by a broker on an exchange during margin trading to increase the availability of funds in trades.

Lightning Network

The Lightning Network is a "second layer" payment protocol that operates on top of a blockchain. Theoretically, it will enable fast, scalable transactions between and across participating nodes, and has been touted as a solution to the Bitcoin scalability problem.

Limit Order / Limit Buy / Limit Sell

Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached. This is in contrast with market orders at which a cryptocurrency is sold at the current best available price.

Liquidity

How easily a cryptocurrency can be bought and sold without impacting the overall market price.

Long

A situation where you buy a cryptocurrency with the expectation of selling it at a higher price for profit later.