Litecoin sets an all-time high record by breaking past the $50 mark, peaking at $50.77. The highest Litecoin price recorded was $50.27 back in 2013.
With the sudden increase of Litecoin, it is a good time to stock up on the altcoin by visiting fiat and Bitcoin casinos that accept the cryptocurrency. Some of these sites include Crypto-Games.io and FortuneJack.
For about two years, Litecoin was constantly trading between $3.5 and $4. At some point in 2015, the price reached $7.76. However, the spike was short lived where it witnessed a slight jump to $4.81 before it slowly went back to the $4 price level.
Its two-year slump ended at the end of March this year when the price reached $6 to $10 throughout April. This was already hitting 2014 levels. However, the altcoin surprised people as it sprang up to the $30 level in May. While many people are expecting the younger brother of Bitcoin to slump back below the $10, it went up again as it hit $46 to $50 this month.
One of the factors for the increase can be credited to the implementation of the Segregated Witness (SegWit) to the Litecoin protocol. SegWit is an upgrade that allows the altcoin to take in more transactions than before.
Another possible factor is the Korean and Japanese market interest in Litecoin. Litecoin is considered as the silver of the cryptocurrency coins while Bitcoin is gold. Lite is much cheaper than Bitcoin and has a high supply. This makes the altcoin attractive to many people in Asian countries. As expected, the Chinese and Korean market is responsible for more than half of the total global trading volume.
With the SegWit in place and demands for the altcoin at an all-time high, there is now a good reason to collect more Litecoin. Everyone can win more of the cryptocurrency through many Bitcoin casinos that accept the altcoin.
Crypto-Games.net is a good example of a casino built for cryptocurrencies. It accepts Litecoin, Bitcoin, and other popular altcoins like Ether. This casino offers proprietary games that utilize a robust provably fair feature to make the game result transparent to the player. The minimum Litecoin deposit here is 0.01 LTC while the minimum withdrawal is 0.1 LTC.
FortuneJack has a large selection of casino games from third-party providers. Players can find slot games from SoftSwiss, Amatic, Playson, Betsoft, and much more. The deposit limit of Litecoin is 0.01 BTC worth of LTC while the withdrawal minimum is also 0.01 BTC.
The iGaming site not only has casino games, but it also has a sportsbook, poker room, horse book, and financial gambling section. The deposit and withdrawal minimum requirement of Litecoin on BetOnline.ag is $20 worth of the altcoin.