LTC Futures & Perpetual Contracts Guide

Litecoin Contracts Listed on Delta Exchange

Symbol

Description

Price

Max Leverage

Settlement Currency

Action

LTC

–

Index Details

Symbol	Description	Price	Max Leverage	Settlement Currency	Action
LTC			–	–	Index Details

Complete details of the futures and perpetual contracts on LTC that are listed on Delta Exchange are available below.

About Litecoin

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:

Blocktime in Litcoin blockchain is ~2.5mins vs. ~10mins for Bitcoin.
The supply of Bitcoin is capped at 21 million, whereas the max supply of Litcoins is 84 million.
Litecoin uses scrypt as the hashing algorithm, while SHA-256 is used in Bitcoin blockchain. This choice of hashing algorithm makes is easy to mine LTC using any consumer-grade hardware.

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.

Trading LTC

Why Should You Trade LTC Futures & Perpetual

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.

How to Start Trading on Delta Exchange

Starting trading on Delta Exchange is a breeze. Here’s how you can make your first LTC trade on Delta Exchange:

Register: This takes < 1min and requires on a verified email address. No other KYC is needed.
Fund your Delta Exchange Wallet: Only bitcoins are accepted in the Delta Exchange Wallet. A unique BTC deposit address will be generated for you when you register.
Convert BTC to USDC: All futures and perpetual contracts on Delta Exchange are margined and settled either in BTC or USDC. For USDC settled contracts, use the currency convertor to change BTC to USDC.
Make your first trade: Now you are all set to trade on Delta Exchange!

FAQs

Does Delta Exchange support margin trading?

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.
Which cryptocurrencies can I trade on Delta Exchange?

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.
How can I contact Delta Exchange?

For any query, feedback, suggestion or business proposals, please write to us at: [email protected]