LTC/USD continued subdued trading on Wednesday. It is trading in a narrow range from the past several days, struggling to break above 90 EMA. It currently trades at 4.06 levels at the time of writing.

Ichimoku analysis of daily chart:

Tenkan- Sen: 4.0797

Kijun-Sen: 4.12

Trend reversal - 4.124

The pair faces next major resistance at 4.22 (55 day EMA) and a consistent break above would see the pair testing 4.48 (50% retracement of 5.65 and 3.311)/4.75. On the reverse side, support is likely to be found at 3.81 (Jul 7 high) and a break below would target 3.63 (200 day MA)/3.311 (Jun 23 low). Litecoin has fallen to the fifth slot on the list of cryptocurrencies by market capitalization.