LTC/USD has fallen below the 4.00 mark and hit 3.87 levels on Monday. It is currently trading at 3.92 levels at the time of writing.

Ichimoku analysis of daily chart:

Tenkan Sen: 3.96

Kijun Sen: 4.10

Trend reversal: 4.09 (90 EMA)

The pair has substantially weakened after hitting a high of 4.10 levels last week. It is trading well below 21 MA and short-term trend appears bearish. It faces immediate resistance at 4.03 levels (21 DMA) and a break above will target 4.09 (90 EMA)/4.53 (July 2 high). On the flipside, support is seen at 3.81 levels (July 7 low) and a break below will see the pair falling to 3.70 levels (200 DMA)/3.31 (June 23 low).