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Litecoin Contracts Listed on Delta Exchange
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Complete details of the futures and perpetual contracts on LTC that are listed on Delta Exchange are available below.
Litecoin (LTC) is a peer-to-peer cryptocurrency that enables near instant and low cost money transfers. Creation and transfer of LTC is decentralised and is based on an open-source cryptographic protocol. The Litecoin blockchain started as a hard-fork of the Bitcoin block in October 2011. Due to this, the Litecoin protocol is nearly identical to Bitcoin protocol.
They key differences between Litcoin and Bitcoin are as follows:
You can margin trade LTC on Delta Exchange using our derivative (i.e. futures and perpetual) contracts. This means that you can go long or short LTC with leverage.
You can directly buy or sell LTC. This is called spot trading of LTC. If you buy low and sell high, you will make profit. However, this trade only works when LTC price goes up. Further, leverage trading is not possible in spot trading.
LTC margin trading through derivatives addresses these shortcomings. The LTC futures and perpetual contracts enable you to go benefit from both up and down move in LTC. Further, these derivative contracts have built-in leverage, enabling you to trade big with small capital.
Starting trading on Delta Exchange is a breeze. Here’s how you can make your first LTC trade on Delta Exchange:
Delta Exchange offers trading in Bitcoin futures and futures on over 50 DeFi and altcoins. Crypto futures offer all the features of margin trading and are generally superior to margin trade. The futures on Delta Exchange provide: (a) up to 100x leverage vs. 3-5x available in margin trading , (b) ability to go both long, (c) tighter spreads and deeper orderbooks and (d) lower trading fees.
Delta Exchange is a crypto derivatives exchange and supports trading of Bitcoin futures and futures on over 50 top DeFi coins and altcoins. The exchange also offers options on Bitcoin, Ether, Litecoin, Link and BCH. Additionally, Delta lists a wide array of innovative derivative contracts that include DeFi Index futures, calendar spread contracts, interest rate swaps and MOVE options (straddles which can be used to speculate on volatility). The complete list of crypto derivatives that are listed on Delta Exchange is available here.
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