After trading in a narrow range for past couple of days, LTC/USD showed weakness today, falling to 4.04 levels at the time of writing (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 4.10

Kijun Sen: 4.17

Trend reversal: 4.12 (90 EMA)

The pair seems to have taken support near the psychological level of 4.00 levels. On the upside, resistance is seen at 4.22 (55 day EMA) and a consistent break above would confirm bullishness and take the pair to 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 low) and a break below would target 3.63 (200 day MA)/3.311 (Jun 23 low).