LTC/USD traded in the red on Friday and is facing resistance from 55 EMA. It is currently trading at 3.81 levels at the time of writing (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.83

Kijun Sen: 3.77

Trend reversal: 3.90 (90 EMA)

The pair faces major resistance at 3.90 (90 EMA) and any violation would target 4.00 (August 23 high)/4.19 (161.8% retracement of 4.01 and 3.71)/ 4.53 (July 02 high).

On the flip side, the pair is hovering around 3.79 (200-day MA) and a break below would target 3.70 (21-day MA)/3.50 (psychological level)/ 3.22.