Crypto Facilities to Launch Litecoin Futures

Charlie Lee believes that LTC futures is good and they "make it easier for people to get in and out of Litecoin"
20 June 2018   1884

The British crypto futures platform Crypto Facilities launches a derivative product tied to the Litecoin, CoinDesk reports.

The new instrument, denominated in US dollars, will be launched on Friday, June 22, and will allow investors to buy short and long futures contracts for Litecoin with weekly, monthly and quarterly calculations.

We believe our LTC-dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets.

Timo Schlaefer

CEO, Crypto Facilities

Litecoin founder Charlie Lee, commenting on today's announcement, said that futures will provide access to the cryptocurrency to institutional investors, which in turn will increase its liquidity and "make it easier for people to get in and out of litecoin."

A month ago, Crypto Facilities launched Ethereum futures. The company expects that the volume of Ethereum futures trading will reach $ 150 million this quarter, which will be about 10% of the total volume of the site.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   460

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.