Andrew Parker (OP)
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May 30, 2019, 03:45:10 PM |
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At first glance, digital currencies are no longer what they used to be. They are visibly sophisticated as developers add feature or bulwark the network. At the same time, there has been an increase in competition. Evidently, there are similar networks which are efficient and scalable alternatives. However, Litecoin is one of those digital currencies that stand out, and for good reasons. Of the many exchanges that offer support, OkEx is taking it a notch higher, recently announcing Litecoin and Ethereum Classic perpetual swaps. Perpetual SwapsTo fully understand this, you’ll need to know what a perpetual swap is and why it is crucial. A perpetual swap is a peer-to-peer virtual derivative. It is flexible, convenient and because of leverage trading, it is different that similar products. As such, they give users the opportunity to speculate on price while being perpetual. With perpetual swap, a buyer doesn’t necessarily need to buy assets nor, do sellers need to sell. As a result, there is an almost always a state of constant virtual exchange where leverage trading is allowed. Because of leverage, traders have a chance to mitigate losses and in general manage risk. This is especially vital as the Litecoin community prepares for a hard-coded halving event scheduled in Q3 2019. Litecoin HalvingHalving is an event that takes place at regular intervals allowing Litecoin investors a chance to make the most of their holdings. The next Litecoin halving is set to take place on early August. On that day; Litecoin rewards per block will reduce by half from 25 LTC to 12.5 LTC per block in the process effectively reducing daily emission and ushering in a period of scarcity that analysts believe will lift Litecoin prices as supply-demand dynamics kick in re-pricing LTC. The last halving took place roughly four years ago. A few months before the halving, Litecoin prices were pumped and if history repeats itself then this is what we are currently observing as Litecoin is literally on a roll, breaking key resistance levels and trading above $115 for the first time this year. In his analysis, Litecoin founder Charlie Lee is of the view that prices could soar to $1,000. Although it may take years, this halving could set the foundation and if that is the case, the option of trading Litecoin perpetual swaps via OkEx could be a grand opportunity for savvy traders aiming for $180 or 2017 peaks. https://medium.com/@blockandchain/margin-trading-litecoin-ahead-of-august-halving-c32eccfd76a6
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TinaK
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May 30, 2019, 03:48:57 PM |
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I don’t know what impact halving will have on Litecoin but anyone with sense will clearly be able to see it move up with how the scenario has developed.
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gabbello
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May 30, 2019, 04:15:20 PM |
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It’s not about growth or not, it’s about how much….
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BQ
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CoinMetro - the future of exchanges
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May 30, 2019, 04:20:24 PM |
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Margin Trading is launched on CoinMetro likely this weekend, and all assets (LTC is listed already) can be traded on margin, if someone is looking for a good and legit platform for it (also fiat on/off ramp, all listings with EUR pair etc)
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Candycrush1129
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May 30, 2019, 04:22:26 PM |
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Never heard of perpetual swaps before, so something new for me. I just hope the momentum continues as it is for the Crypto markets.
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Mehr Sher
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May 30, 2019, 04:38:20 PM |
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I think Charlie Lee views are little bias with such high aim. I am pulling for LTC to reach close $200 before year ends. Yet, $1000 is an idea excessively far.
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monalia
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May 30, 2019, 04:48:15 PM |
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I really think its good move by OkEx, as this is something that not only helps them but also brings something different to the table. Let see how this moves work out further.
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maldini
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May 30, 2019, 05:42:06 PM |
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I think Charlie Lee views are little bias with such high aim. I am pulling for LTC to reach close $200 before year ends. Yet, $1000 is an idea excessively far.
Not too far if bitcoin can reach $ 100k faster, because the biggest influence of altcoin is on the price of bitcoin. But this time I hope litecoin halving can bring litecoin to grow to touch $ 300 at the end of this year, at least that's all.
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diazepam666
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May 30, 2019, 06:21:01 PM |
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Litecoin Halving is always a major event but it does make me somewhat nervous. It seems that it will bring great boost but I am just going to watch it closely. OkEx is amongst my favourite options and for sure something that only is getting better with these decisions.
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rdluffy
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May 30, 2019, 06:36:19 PM |
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I did not undertand fully the idea of Perpetual Swaps If someone can explain in a simple way... But a increase in price is expected for LTC, for sure
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Danumsigwasan
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I am from Forex world.
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May 30, 2019, 06:39:11 PM |
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Awesome!!! Okex has really nailed it! It surely is going to bring plenty of benefits in long run. I will also be eagerly waiting for August, I think it will be a major boost.
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jvdp
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May 30, 2019, 06:49:31 PM |
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I use okex a lot and consider is much better than some of the established options and that for this particular reason. So many interesting developments. It is always great for users.
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kurcalas
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May 30, 2019, 06:51:52 PM |
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The biggest question here is; has it made pricing so far? Or is the actual pricing after that? I never trust Litecoin so much until today. But I guess LTC will rise this time.
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Freddy11
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May 30, 2019, 06:56:10 PM |
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Wow, I didn’t knew about this Perpetual swaps previously so very interesting take!
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Kiweikoo
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May 31, 2019, 06:21:18 AM |
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I don’t know what impact halving will have on Litecoin but anyone with sense will clearly be able to see it move up with how the scenario has developed.
Well from the halving I experienced in the past, I discovered that anytime a halves occurs in the crypto space, we always see a growth in the price of that coin and I think it would be same for litecoin by august, this is why we have a lot of persons making purchase of the coin now so that they can benefit from the halve coming by august, and anyone that don't own litecoin in their wallet yet should get as much as they can afford until after the halve occurs to make some quick cash for yourself, though I am not making promises since I am not the one that controls the market, so just invest wisely.
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livingfree
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May 31, 2019, 06:40:10 AM |
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I don’t know what impact halving will have on Litecoin but anyone with sense will clearly be able to see it move up with how the scenario has developed.
Take the example of the halving that bitcoin did few years ago. I'm not saying that the effect would be the same but it can be like that. If you are amazed on how litecoin moved from the bottom to the up these days, more likely to come after the halving. Wow, I didnt knew about this Perpetual swaps previously so very interesting take!
I didn't know it either and it's one interesting new thing that I've heard about Litecoin.
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tins
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May 31, 2019, 07:11:43 AM |
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If you believe that after halving LTC will increase in price, then margin long LTC in the range x2 or x3. Because it takes a long time to get there, it's very risky if you margin x5 or more
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