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Author Topic: Margin Trading Litecoin ahead of August Halving  (Read 731 times)

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Offline FutureICOTopic starter

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Margin Trading Litecoin ahead of August Halving
« on: May 30, 2019, 03:41:54 PM »




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 Swaps


To 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 Halving


Halving 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
The following users thanked this post: MasterMania, Marcus North


Offline Ianvel

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #1 on: May 30, 2019, 04:18:11 PM »
I don't have a clue what effect reducing will have on Litecoin, but with time everybody will obviously have the option to judge how much it will create the move in the industry.

Offline Michael Richard

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #2 on: May 30, 2019, 04:20:44 PM »
I see good movement regardless of halving or no halving but can it be as big as people predict?

Offline MasterMania

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #3 on: May 30, 2019, 04:32:01 PM »
Still not understood what this swaps is. A totally unknown word in the dictionary for me! I simply trust this article which says its worth for the Crypto markets. Finger crossed for it boosting.

Offline ICOselector2018

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #4 on: May 30, 2019, 06:46:55 PM »
I truly think its great move by OkEx, as this is something that causes them as well as carries something other than what's expected to the table. Let perceive how this moves work out further.

Offline Marcus North

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #5 on: May 30, 2019, 06:49:51 PM »
Goodness, I didn't thought about this Perpetual swaps beforehand so fascinating to know.

Offline Andrew Jones

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #6 on: May 30, 2019, 06:54:21 PM »
My mom also thought I could become the next Bill Gates J So, I say let Charlie Lee leave his view to himself.

I am rooting for LTC to reach near $200 before 20 arrives. But $1000 is a thought too far. BTC, it’s for sure a very wise deal from Okex, which I rate very highly.

Offline Cryptobee2018

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #7 on: May 30, 2019, 07:01:12 PM »
Marvelous!!! Okex has truly nailed it! It definitely will get a lot of advantages long run. I will likewise be energetically hanging tight for August, I figure it will be a noteworthy lift.

Offline JamesAndeerson

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #8 on: May 30, 2019, 07:04:42 PM »
Litecoin halving is dependably a noteworthy occasion however it makes me to some degree apprehensive. It appears that it will bring incredible lift yet I am simply going to watch it intently.

OkEx is among my preferred alternatives and without a doubt something that just is showing signs of improvement with these choices.

Offline ICOrealityshow

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Re: Margin Trading Litecoin ahead of August Halving
« Reply #9 on: May 30, 2019, 07:07:16 PM »
I use Okex a great deal and consider is vastly improved than a portion of available choices and that for this specific reason of unique ideas. Such a large number of intriguing improvements. It is constantly bringing incredible value for users.


 

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