LTC/USD continues to trade below 200-day MA and has hit 3.80 levels before restoring slightly above to 3.85 levels, where it currently trades (BTC-e).

Short-term trend: Bearish

Ichimoku analysis of daily chart:

Tenkan Sen: 3.81

Kijun Sen: 3.87

Trend reversal: 3.88 (90 EMA)

On the upside, the pair faces strong resistance at 3.87 levels (200-day MA) and a consistent break above would see the pair testing 3.91 levels (September 26 high)/ 4.05 (September 8 high).

On the reverse side, support is likely to be found at 3.70 levels (September 22 low) and a break below would weaken it to 3.50 (psychological level)/ 3.22 (August 02 low).