LTC/USD has hit a low of 3.80 levels so far in the day and is trying to trade in the green (BTC-e).

Short-term trend: Bearish

Ichimoku analysis of daily chart:

Tenkan Sen: 3.87

Kijun Sen: 3.86

Trend reversal: 3.86 (90 EMA)

On the upside, the pair faces resistance at 3.82 (21-day MA) and a break above would take it to 3.86 (90 EMA)/4.00.

On the other hand, support is likely to be found at 3.76 levels (October 11 low) and a break below would weaken the pair to 3.70 (September 22 low)/3.53 (August 15 low).