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LTC/USD trades rangebound, dip till 3.65 likely

LTC/USD traded in a narrow range on Tuesday between 4.09 and 3.99 levels. It currently trades at 4.05 levels at the time of writing.

Ichimoku analysis of 4-Hour chart shows:

Tenkan-Sen level: 3.99

Kijun-Sen level: 4.01

The pair faces major resistance at $4.31 (Jun 24th high) levels and break above targets $4.48/$4.75 (61.8% retracement of $5.65 and $3.310). On the other hand, support is seen at $3.85 (Jun 25th low) levels and any weakness below this level will drag the pair to $3.65/$3.31 (Jun 23rd low).

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