Litecoin price recently spiked, but market experts are left uncertain as to what exactly caused the rise. Many, however, speculate that Coinbase is the main contributor to the increase of Litecoin’s value.
Litecoin owners can take this opportunity to increase their digital currency. Players who are looking where to play Litecoin games should check out several Bitcoin casinos that support the altcoin.
Online casinos accept Litecoin
Thanks to the rise of Bitcoin gambling sites, other iGaming websites have added support for other altcoins. Previously, players would need to turn their Litecoins to bitcoins or any other playable currency to be able to place a bet. Today, to have Litecoin as another supported digital currency is almost a requirement for Bitcoin casinos looking to expand their market.
One notable example of a Litecoin gambling site is Crypto-Games.net. This casino offers its own proprietary Bitcoin dice, slot, blackjack, roulette, and video poker games. It offers a robust provably fair system in all of its games.
Another similar casino is Cryptogames.io, which also offers proprietary games. The casino offers three different slots, dice, minesweeper, and a wheel of fortune games. Cryptogames.io offers a low house edge as well as the lowest minimum bet of 100 satoshis worth of Litecoin.
FortuneJack is another online gambling site that caters to cryptocurrency bettors, with Litecoin as one of the five supported digital currencies. The gambling site offers various proprietary games like dice, fortune wheel, keno, slot, and blackjack games. It also offers games from game content providers like Endorphina, SoftSwiss, Betsoft Gaming, Igrosoft, Tom Horn Gaming, Amatic, and Playson.
Litecoin bettors looking for other ways to make wagers apart from casino games should check out Betcoin.ag. The gambling site offers a sportsbook section where players can bet on favorite sports. Betcoin.ag even has a poker room section where players compete against one another in various poker games.
Litecoin now fifth in terms of market cap
Recently, Litecoin saw a 70-percent increase in prices that took many people by surprise. This is due to the altcoin’s price being stagnant for months.
One possible reason for Litecoin’s rising price is Coinbase support of the altcoin. This was possible due to the approval of New York’s financial regulator to the trading of Litecoin within the state. Coinbase is the first exchange to offer Litecoin trading to New Yorkers. The altcoin’s market cap went from 210 million to 350 million since then.
Maria Vullo, superintendent of New York Department of Financial Services, said:
“DFS has proven that the state regulatory system is the best way to supervise and cultivate a thriving fintech industry, like virtual currency. New York will remain steadfast in pushing back against federal encroachment efforts like the OCC’s (Office of the Comptroller of the Currency) proposal to impose a one-size-fits-all national bank charter that increases risk and seeks to usurp state sovereignty.”
The said price jumped placed Litecoin in the fifth spot in terms of cryptocurrencies with the largest market cap.