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Value of LTC (Litecoin) Increases Dramatically and Is Preventing BTC Scaling

Litecoin value has been increasing alongside Bitcoin and Ethereum — with an uptick by 700 percent, Litecoin is growing, whereas Bitcoin is still being prevented from scaling due to politics. So, should you invest more into LTC or wait it out on the BTC front? A lot of investors and Bitcoin gamblers are keeping an eye on the SegWit (Segregated Witness) malleability fix and how it will be affecting Litecoin.  Let’s take a look.

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Rise in Litecoin Values

During the past month, there has been a remarkable rise in Litecoin (LTC) values. While many investors assume that this altcoin currency would be dead in the water, it seems like that isn’t the case at all. In fact, if you’re looking for a good reason to invest, the stock is heading in a very bullish direction.

Litecoin value has increased by over 700 percent. This is because of SegWit locking in and the Coinbase listing. It is clear that things are looking a bit brighter for Bitcoin’s silver sibling.

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Why it Continues to Soar

Litecoin has come a long way in a month — just earlier this year, a single LTC had a value of $4 USD — this was a great increase from its previous ATH of $48 USD in 2013. Ever since, a lot of people besides cryptocurrency gamblers have forgotten about this altcoin. Now, Litecoin is on everyone’s mind.

Not long ago, LTC locked in the activation of SegWit — this is a major benefit for this popular altcoin. Bitcoin is also trying to get SegWit activated, but keeps meeting a lot of opposition from BTC miners. The impending activation of SegWit has done well for the price of LTC — a 700 percent increase is nothing to sneeze at.

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The gain of Litecoin and its continuous soar isn’t just attributed to the Segregated Witness (SegWit) activation locking in, however. Coinbase is an extremely popular US-based cryptocurrency exchange and has enabled support for Litecoin, too. This has given Litecoin yet another boost forward in terms of value. It looks like LTC is underway to surpass $30 USD again. It can be hard to tell when this soaring increase will end, but it’s not out of line to say that the value of LTC could hit $50 USD before it slows.

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What is Next?

We have to remember that Litecoin doesn’t have some of the same issues as Bitcoin, so it’s unwise to compare the two equally. LTC, for example, never had full blocks to begin with (whereas it’s very common in the Bitcoin network). There are also a lack of demand for Litecoin, especially from a consumer and merchant point of view. For Litecoin gamblers, this can be something to take advantage of.

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The question on everyone’s mind is if Litecoin can maintain their value trend in the long run. Unfortunately, we can’t see that far ahead and many people still view Litecoin as a testbed for Bitcoin.

If you are holding on to Litecoin, you should keep a hold of them, as you may see the LTC value increase in the coming weeks. Keep an eye on the SegWit malleability fix and how it will potentially affect Litecoin.

 

Resources

Coinbase: https://www.coinbase.com/?locale=en-U

SegregatedWitness (SegWit): http://segwit.co/

CoinMarketCap: https://coinmarketcap.com/currencies/litecoin/ 

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Fun Casino: Review

Avid online casino players who favor Bitcoin or other cryptocurrencies will love Fun Casino. This casino only accepts and pays out via cryptocurrencies and has a range of games from traditional, specialty, slots and dice, to scratch offs.

U.S. Player-friendly, Fun Casino has impressive graphics brought to you by the best names in the online casino software provider business, from SoftSwiss to Endorphina to Pocket Dice. This casino offers generous matching bonuses on your first three deposits, and allows you to join their affiliate program to earn more funds.

Provably fair and checked by iTech Labs, an independent company, this casino has been proven to operate fairly to players.

Running on SoftSwiss casino software, the website is colorful, has great graphics, and uses minimal text content.

U.S. Players Accepted?

Players from the U.S. are accepted and welcomed at Fun Casino.

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Currencies Accepted

  • Bitcoin
  • Litecoin
  • Dogecoin
  • Altcoin
  • Blackcoin
  • Peercoin
  • Funcoin (this is used in Play for Fun mode)

Software Provider(s)

  • SoftSwiss
  • Betsoft
  • Endorphina
  • Ezugi
  • Pocket Dice

Platform(s)

  • PC
  • Mobile Game Access (via browser) (note: main site is not mobile optimized but games are)

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Mobile

The mobile situation is half and half. On one hand, the main casino website is not optimized well for mobile — it does not upload to a mobile version when you visit the casino website via browser on your mobile device.

However, when you click on a game to play, the games are optimized well for mobile, including loading and viewing in landscape mode — this is provided by SoftSwiss.

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Games

In addition to the traditional casino games one would find at any online casino, you will also find find scratcherz, minesweeper, slots, casual games, dice, and specialty games at Fun Casino.

game types

Here is a list of games you can find:

  • Poker
  • Slots
  • Roulette
  • Blackjack Surrender
  • Baccarat
  • Video Poker
  • Hi-Lo Switch
  • Multihand Blackjack
  • Pontoon
  • Super 7 Blackjack
  • Oasis Poker
  • American Roulette
  • Multihand Bonus Deluxe
  • Pyramid Deuces Wild
  • Caribbean Poker
  • Multihand Joker Poker
  • Red Dog Pyramid
  • Jacks or Better
  • Pocket Dice
  • Scratch Dice
  • Minesweeper
  • Virtual Racebook 3D
  • Scratcherz
  • Heads and Tails

Games

Banking

The casino software runs on Blockchain technology, which guarantees anonymity within the system. Thanks to the MIT-licensed Graphene blockchain technology and the decentralized financial trading platform, OpenLedger, this casino helps you to win digital tokens (called FUNC) even when you lose.

Learn more about FUNC here: https://www.fun-casino.com/func

As for real banking, this online casino runs solely on cryptocurrencies — no hard or conventional currencies are used or accepted. However, they do allow a range of cryptos that most casinos do not accept, such as Blackcoin and Altcoin.

This makes banking easy to do — simply enter your eWallet address and get playing or cashing out!

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Depositing

Depositing at Fun Casino is unique in that this casino offered deposit options for cryptocurrencies that we have not seen anywhere else.

The following cryptocurrencies are accepted for depositing at Fun Casino:

  • Bitcoin
  • Dogecoin
  • Peercoin
  • Blackcoin
  • Altcoin

Withdrawing

While deposing offers a range of cryptocurrencies to choose from, you can choose one of two types of cryptocurrencies:

  • Bitcoin (BTC)
  • Litecoin (LTC)

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Welcome Bonus

  • 100% Match First Deposit Bonus (up to 1.50 BTC / Min deposit is 0.1 BTC) + 50 Free Spins (on SlotomonGo)
  • 50% Match First Deposit Bonus (up to 1.50 BTC / Min deposit is 0.1 BTC) + 40 Free Spins (on SlotomonGo)
  • 25% Third Deposit Bonus (up to 1.50 BTC / Min deposit is 0.1 BTC) + 30 Free Spins (on SlotomonGo)

Promotions

Along with the welcome bonus above, which includes matching for the first three deposits, you can join Fun Casino’s Affiliate Program.

Affiliate Program: https://www.fun-casino.com/affiliates

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FUNC

Signing Up

When signing up at a Bitcoin casino, one would expect a very simple and anonymous registration process. Most casinos only need a username, password, and sometimes an email address and DOB (to make sure you are old enough to play).

However, when you register at Fun Casino, they will ask you to provide personal information such as:

  • Full name
  • Email address
  • Home address
  • Phone number
  • Bitcoin wallet address
  • Date of birth
  • And other information they may request

Signup

This is not ideal for Bitcoin and other cryptocurrency users who wish to simply register and play. Since players use Bitcoin and other cryptos, it doesn’t make much sense to ask for one’s home address, full name, and a phone number.

The website states that this personal data is requested for the following reasons:

  • To give you access to their gambling services
  • To process information requests
  • To ensure the “quality” of technical support services
  • To notify players about new products or services
  • To send correspondence about updates to software, etc…

Licensing and Provably Fair

Fun Casino is a licensed online gambling venue and the website has Provably Fair technology by SoftSwiss.

They also practice Responsible Gaming and have a dedicated tab to RG.

In addition, fairness is proven by an independent RNG certificate (via iTech Labs).

Customer Service

Unfortunately, there doesn’t seem to be a separate tab for customer support at Fun Casino. You have the option to use the Live Chat tab at the bottom, right hand corner of the site, but it is often off-line. This makes the customer support options rather sub-par. If you were to need help with an issue regarding banking or other problem, you may have difficulties finding help with it.

Pros

  • Great variety of games
  • Simple registration process
  • Licensed
  • Provably Fair
  • Accepts players from U.S.
  • Accepts a range of cryptocurrencies (no conventional currency)
  • Great graphics
  • Great bonuses and promotions
  • Games are mobile optimized by SoftSwiss when you click on them

Cons

  • Main page is not optimized well for mobile
  • Customer support is lacking
  • Not as anonymous upon signup as they claim

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