LTC/USD has broken above 21-day MA after hitting a fresh low of 3.76 levels on Monday. It is currently trading at 3.83 levels (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.80

Kijun Sen: 3.81

Trend reversal: 3.86 (90 EMA)

On the upside, a close above 3.81 levels (21-DMA) would target 3.90 levels (200-day MA). Further strength would see the pair testing 4.05 (September 08 high).

On the downside, support is seen at 3.78 levels and a break below would weaken the pair to 3.70 (September 22 low)/3.50 (psychological level).