LTC/USD continues to trade in a narrow range, holding its strength above the 4.00 mark. It currently trades at 4.09 levels at the time of writing (BTC-e).

Long-term trend -bullish

Short- term trend- bullish

Ichimoku analysis (Daily chart):

Tenkan-Sen: 4.13

Kijun-Sen: 4.40

Trend reversal: - 4.129

“The pair has slightly declined after making a high of 4.150 yesterday. In daily chart the pair has closed above 4.00 mark for past three days and this confirms a minor bullishness. So a jump till 4.40/4.84 is possible”, FxWirePro said in a statement.

The pair faces major resistance at 4.25 (55 day EMA) and any break above confirms major bullishness, a jump till 4.53 (Jul 2 high)/4.84 (22 Jun high)/$5. On the other hand, major support is likely to be found at 3.77 (61.8% retracement of 3.310 and 4.490) and break below targets 3.63 (200 day MA)/3.31 (Jun 26 low).