Benzinga - Litecoin (CRYPTO: USD) traded in the green on a day when the cryptocurrency it was forked out of, Bitcoin (CRYPTO: BTC), edged lower.
What Happened: The proof-of-work cryptocurrency defied the broader market to rise nearly 2% in the last 24 hours. In the process, it emerged as the market's second-highest gainer.
The coin's upward movement was noteworthy, as blue-chip currencies like Bitcoin and Ethereum (CRYPTO: ETH) dragged during the day.
A widely-followed Bitcoin trader, Trading Soldier, painted a bullish outlook for Litecoin, expecting it to hit $85 "anytime soon." Going by the cryptocurrency's current price, this will mean a surge of nearly 7.5%.
#Litecoin #LTC $LTC is ready to reclaim $85 area anytime soon!