TheMerkle.com:

By Dmitriy Gurkovskiy, Chief Analyst at RoboForex

The Litecoin reached its high since Nov 14 2018 through the heavy rise last week. Currently, the crypto is trading at around $43.

On H4, the price made an upmove after a long downtrend and then a convergence. The coin approached 76% Fibo, while the uptrend stopped near the upper channel boundary, which means a reversal may be near. The new short term move may still make a new high reaching 76% Fibo, or $48.12. The support is meanwhile at $35.27.

On H1, the latest uptrend ended with a divergence, and the crypto is now correcting, falling to 50% and 61.80% Fibo, or $39.41 and $37.62, respectively. The overall trend is still ascending, and the Stochastic is moving to the oversold territory, which means a new uptrend and new highs are ahead.

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Source: https://themerkle.com/litecoin-price-supported-by-news-on-private-transactions/