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LTC Futures & Perpetual Contracts Guide

Litecoin Contracts Listed on Delta Exchange

Symbol
Description
Price
Max Leverage
Settlement Currency
Action

Symbol Description Price Max Leverage Settlement Currency Action
LTC Index Details
LTCUSDT Litecoin Perpetual Swap 100x USDT See Market

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 exchanges offers trading in cryptocurrency futures. These futures offer: (a) up to 100x leverage and (b) ability to go both long or short. Crypto futures not only have the same features as margin trading, but also higher liquidity and lower trading fees.

  • Which cryptocurrencies can I trade on Delta Exchange?

    Delta Exchange is a derivatives exchange. You can trade futures on cryptocurrencies, but not cryptocurrencies directly. The complete list of futures listed on delta is available here.

  • How can I contact Delta Exchange?

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