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This Bitcoin Branch Defies Broader Market Behavior and Posts Gains as Blue-Chip Coins Slip Off Benzinga
Benzinga- Litecoin (CRYPTO:USD) traded in the green on a day when the cryptocurrency it was forked from, Bitcoin (CRYPTO: BTC), down.
What happened: The proof-of-work cryptocurrency has challenged the broader market by rising nearly 2% in the past 24 hours. In the process, it has emerged as the market’s second-biggest gainer.
The coin’s upward movement has been noteworthy, as blue-chip currencies like Bitcoin and Ethereum (CRYPTO: ETH) dragged throughout the day.
A widely followed Bitcoin trader, Commercial soldier, painted a bullish outlook for Litecoin, expecting it to reach $85 “any time soon.” Considering the current price of the cryptocurrency, this will mean an increase of almost 7.5%.
#Litecoin #LTC $LTC is ready to reclaim the $85 area soon!