Details about 1X Short Litecoin Token cryptocurrency
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https://ftx.com/tokens/LTCHEDGE
1X Short Litecoin Token price charts
LTCHEDGE exchanges
1X Short Litecoin Token, the crypto
1X Short Litecoin Token (LTCHEDGE) is a cryptocurrency that allows traders to short sell Litecoin without having to hold LTC. This token is designed to help traders profit from bearish market movements of Litecoin.
The point
The main point of 1X Short Litecoin Token (LTCHEDGE) is to enable traders to profit from bearish market movements of Litecoin without having to hold the underlying asset. It provides a way for traders to speculate on the price of Litecoin going down by short selling it.
The problem
1X Short Litecoin Token (LTCHEDGE) tries to solve the problem of traders who want to short sell Litecoin, but do not want to hold the underlying asset. By holding this token, traders can effectively short sell Litecoin without having to deal with custody, security, or liquidity issues associated with holding the actual asset.
Compare LTCHEDGE and BTC performance
| Timeframe | LTCHEDGE | BTC |
|---|---|---|
| 1h change | 0 % | 0.0588057 % |
| 24h change | -0.93 % | -0.404713 % |
| 7 day change | -20.01 % | 5.50996 % |
| 14 day change | 10.14 % | -1.44245 % |
| 30 day change | -33.53 % | 3.57258 % |
| 200 day change | 0 % | 136.373 % |
| Year change | 0 % | 150.626 % |