Prospects and Areas of Using Litecoin Today
Prospects and Areas of Using Litecoin Today

Prospects and Areas of Using Litecoin Today

Litecoin is the second most popular cryptocurrency after Bitcoin. In fact, experts even call Litecoin a “small brother” of BTC. LTC made its debut in 2011, two years after the creation of Bitcoin. During the last decade, Litecoin proved its stability and trustworthiness. No wonder that the largest global industries have implemented this crypto.

Areas of Using Litecoin Today

A solid reputation of Litecoin resulted in the LTC boost in recent years. The number of industries offering LTC solutions keeps increasing annually. Nowadays, the following business areas accept Litecoin payments:

  • Finance;
  • Food & beverage companies;
  • Retail;
  • Software manufacturing;
  • Media and entertainment;
  • IT;
  • Gambling.

Why there is a Trend on Litecoin Gambling

Litecoin is widely used in the iGaming sector. The latest statistics indicate a vast demand for crypto gambling among casual players. It is because cryptocurrency transactions are swift and risk-free. Compared to its older brother BTC, Litecoin has proven benefits and drawbacks.

LTC vs. BTC

Pros:

  1. faster mining process;
  2. easier block generation;
  3. transaction processing takes a few minutes.

Cons:

  1. lower price.

Peculiarities of Online LTC Casinos

The boom in crypto gambling generated the growth of LTC casinos. A Litecoin gambling casino is an online platform where players may use digital wallets to make deposits and withdraw their winnings with LTC.

Online Litecoin casinos have multiple advantages above ordinary sites. The primary benefit is that players may keep their gaming experience private from third parties because LTC payments are completely anonymous.

Other peculiarities of LTC casinos are:

  • Instant payouts: It takes around two minutes to withdraw earnings from an LTC casino balance. In contrast, credit card and bank transfers may take several days. Besides, LTC payments are not reflected in any bank statements.
  • Vast acceptance: Litecoin is a commonly used cryptocurrency. So, casino fans won’t have issues with an exchange or finding a trusted e-wallet.
  • LTC bonuses: The biggest advantage of Litecoin gambling casinos is LTC bonuses. Players may get incentives from the house in many different ways. There are welcome bonuses for newcomers, deposit match LTC bonuses, loyalty promotions, and others.
  • Litecoin jackpots: There are many great online slots and table games with jackpots. If you play LTC games with sizable jackpot funds and win, you may significantly increase your LTC balance. Gambling experts recommend choosing games with a 95% and up payback rate.

How Litecoin Trading Works

Another option to boost one’s crypto balance is to try Litecoin trading. Due to a more time-saving block generation process, new LTC blocks are added to the blockchain within just 2-3 minutes. LTC trading works by a similar protocol as with other cryptos.

First of all, a person needs to open a trading CFD account. It takes a few minutes. It would be great to develop a trading plan in advance. So, you can speculate on the LTC price movements, i.e., increase or decrease the prices depending on the Litecoin value. Then, place a trade and wait for the best deals.

Why Invest in Litecoin in 2021

Faster mining process and lower fees, undoubtedly, make Litecoin a decent asset for investing in 2021. The crypto successfully stood out amid the global pandemic. Litecoin proved its stability during the economic breakdown, while many international banks were declared bankrupt. Nobody can predict the future of crypto by 100%. Still, experts assure that the amount of mined LTC blocks is expected to rise in the future.

Meanwhile, the number of Litecoin traders and gamblers is increasing exponentially. For everyone who likes to play LTC games, this site https://7bitcasino.com/new offers a great collection of the best table, live, and slot games for gambling with Litecoin.

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