Litecoin news and price factors

We’ve been sharing news in the past month as to how online casinos have diversified their payment options, brands which were already accepting Bitcoin as currency have extended their range to other main altcoins, such as Litecoin, Ethereum and Bitcoin Cash. Bitstarz Casino, Bob Casino and many others have added Litecoin in order to make players’ payments faster and easier. This is why we’ve decided to dig a bit deeper and analyze why Litecoin is considered to be one of the main cryptos today and what to expect from future developments. Litecoin is the fifth ranked cryptocurrency as per market capitalization and it’s been appreciated throughout time due to its low fees, fast transactions and less issues when it comes to scalling. Litecoin reached last year an all time high of $375, but since decreased its price (just as pretty much all coins have), due to market general volatility and trends. Many analysts and crypto experts forecast that Litecoin might even become more important than BTC in the future. Let’s take a look at recent events which consolidate Litecoin and make it more valuable on long-term.

Firstly, in February, LitePay has been finally launched, a much awaited payment processor, which promised to make Litecoin’s status within the marketplace even stronger. Users are now able to sign up and even request a debit card (this process has proven to be somewhat faulty, but, like everything else, it is perfectible). Litepay allows businesses and merchants to make good use of Litecoin for their services and for selling their products, this has caused much anticipation and great expections, we’ll have to monitor the functionality of the new payment processor and better conclude. Due to this launch, Litecoin has known a fairly good performance in February reaching a month high cost of $235. However, this March the altcoin decreased again reaching $158, but it does follow the overall pattern of all coins. Recent regulations and debates have resulted in all cryptos to stagnate or even decrease. Another amazing news (which is yet to be confirmed) is that Litecoin is said to partner with major companies, such as Amazon, which is said to integrate Litecoin payments within their services. The news has caused a massive reaction within the community, but we still wait for final confirmation.

All in all, what’s important to notice is that coins such as Litecoin are clearly becoming a major and valuable player within the worldwide financial flow, LTC is showing clear signs to become a cryptocurrency which will thrive due to a solid utility, real use for any merchant, speed in transactions, low fees and the ability to scale.