LTC/USD is seen trading flat on Thursday. The pair is trading in a narrow range between $3.83 and $4.12 levels (BTCE) for the past eight trading session. It is currently trading around $3.93 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $3.979

Kijun-Sen $4.17

Trend reversal - $4.10

Long-term trend remains to be bullish. The short-term trend seems to be bearish. In a daily chart, the pair is trading well below Tenkan-Sen and Kijun-Sen. So a decline till $3.68/$3.31 is possible.

Major resistance is seen at $3.98 (7 days EMA) and any break above will take the pair till $4.0485 (21 days MA)/$4.165 (55 days EMA). Major support can be noticed at $3.83 (Jul 26th low) and break below will drag the pair till $3.68 (200 days MA)/$3.31 (200 day MA).