LTC
Litecoin, otherwise also known as ‘digital silver’ was established on 9 November 2011. LTC has similar technological implementation as BTC, and is the first digital currency to be based on the Scrypt algorithm. Compared to BTC, LTC has a faster transaction confirmation time, higher network capacity and efficiency. LTC now has a complete industrial chain and sufficient liquidity to prove its legitimacy as a mature, safe and stable system.
LTC contracts: LTC as underlying asset, USD as reference currency and ETH as settlement currency, where 1 Lot = Latest LTC price /1000 number of ETH (1000 is used purely as a ETH trading unit and have no relation to actual exchange rates). 10x, 20x or 50x leverage trading available.
LTC Perpetual Contracts example:
If the current price of LTC is quoted at 30USD, and trader would like to short the market (i.e expecting prices to fall) with 1000 Lots:
Amount = Market price /Trading unit * number of Lots = 30/1000 * 1000 = 30ETH
If trader chose to trade with 10x leverage:
Margin used = Transaction amount / Leverage = 30/10 = 3ETH, using only 3ETH to trade 1000 Lots of LTC contracts.
If prices fall to 20USD and trader closes positions, profit is calculated per below:
Profit = (Opening price – Selling price)/Trading unit * positions sold = (30-20) /1000 * 1000 = 10ETH
ETH trading market – Perpetual Contracts specifications |
|
Product |
Litecoin |
Type |
LTC |
Quotation |
USD |
Minimum price movement |
0.01USD |
Trading unit |
1 Lot = (Latest price / 10000) of ETH 10000 is used purely as a BTC trading unit and have no relation to actual exchange rates |
Trading hours |
24/7, 365days |
Leverage |
10x, 20x, 50x |
Early warning trigger |
Account Equity / Used Margin ≦100% |
Forced liquidation trigger |
Account Equity / Used Margin ≦50% |
Price limit |
Spot index price*(1±5%) |
Transaction fee |
-0.05% to 0.1% according to rank |
Single trade limit |
10000 Lots |
Total position limit |
50000 Lots |
Trading account |
BTC account |
Comments
0 comments
Article is closed for comments.