Litecoin Price Supported by News on Private Transactions

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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

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