LTC/USD traded strong on Tuesday and briefly broke above 200-day MA. It continues to hover around this major trend line and is trading at 3.74 levels at the time of writing (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.61

Kijun Sen: 3.66 

Trend reversal: 3.76 (200-day MA)

LTC/USD is going strong on the back of newly found momentum. On the upside, a consistent break above 3.76 (200 DMA) would confirm bullishness and take the pair to 3.93 (90 EMA)/4.16 (100-day MA). On the other hand, immediate support is seen at 3.50 levels and a break below would target 3.22 (August 2 low)/3.00.