LTC/USD is looking to hit the previous high of 4.03 levels (September 04) and is currently trading at 3.99 levels at press time (BTC-e).

Short-term trend: Bullish

Long-term trend: Bullish

Ichimoku analysis of daily chart:

Tenkan Sen: 3.89

Kijun Sen: 3.78

Trend reversal: 3.90 (90 EMA)

“LTC/USD is largely trading flat and must break above 4.03 levels for further upside”, FxWirePro said in a statement.

The pair faces major resistance at 4.03 levels (September 04 high) and a break above would target 4.13 levels (100-day MA)/4.53 (July 02 high).

On the reverse side, the pair is likely to find support at 3.90 (90 EMA) and a break below would drag the pair to 3.81 (200-day MA)/ 3.71 (August 28 low)/3.51 (161.8% retracement of 3.71 and 4.03).