LTC/USD is seen trading below in red on Monday. The pair is trading in a narrow range between of $4.120 and $3.90 levels (BTCE) for the past three trading session. It is currently trading around $3.99 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $4.040

Kijun-Sen $4.17

Trend reversal - $4.087

The long-term and short-term trend remains to be bullish. In a daily chart, the pair is struggling to close below $4. Any break further weakness only below that level.

Major resistance is seen at $4.040 (7 days EMA) and any break above will take the pair till $4.11 (21 days MA)/$4.19 (55 days EMA). Major support can be noticed at $3.90 (Jul 22nd low) and break below will drag the pair till $3.77 (61.8% retracement of $3.310 and $4.490) $3.68 (200 day MA).