3X Short Litecoin Token (LTCBEAR)
Details about 3X Short Litecoin Token cryptocurrency
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https://ftx.com/tokens/LTCBEAR
3X Short Litecoin Token price charts
LTCBEAR exchanges
3X Short Litecoin Token, the crypto
3X Short Litecoin Token (LTCBEAR) is a cryptocurrency trading token that provides investors with a way to profit from a decline in the price of Litecoin (LTC) through short selling. The token is managed by the platform, Binance.
The point
The main point of 3X Short Litecoin Token (LTCBEAR) is to allow investors to make profits from the decline in the price of Litecoin (LTC) without having to engage directly in short selling of LTC. The token works through a leveraged inverse exposure to Litecoin (LTC), so if the value of Litecoin falls, the value of the token increases accordingly.
The problem
One issue that 3X Short Litecoin Token (LTCBEAR) aims to address is the difficulty that investors may face when attempting to short sell cryptocurrencies such as Litecoin. Short selling can be complex and risky, and not all cryptocurrency exchanges allow or support short selling. By providing a tokenized version of the short selling process, investors can more easily gain exposure to price declines in Litecoin without having to navigate the complexities and risks of short selling on traditional exchanges.
Compare LTCBEAR and BTC performance
Timeframe | LTCBEAR | BTC |
---|---|---|
1h change | -0.614725 % | -0.434243 % |
24h change | -2.18 % | 0.748949 % |
7 day change | -45.89 % | 6.28102 % |
14 day change | -1.03 % | 4.81165 % |
30 day change | -75.63 % | 23.3841 % |
200 day change | -99.99 % | 170.377 % |
Year change | -100 % | 155.76 % |