LTC/USD is seen trading above on Friday. The pair has slightly recovered from the low of $3.78 made yesterday (BTCE). It is currently trading around $3.840 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $3.8225

Kijun-Sen $3.8408

Trend reversal - $3.88

Long-term trend remains to be bullish. The short-term trend seems to be bearish. In the daily chart, the pair breaks trend line resistance at $3.840 (trend line joining $4.53 and $4.05). So slight jump till $3.92/$4 is possible.

Major resistance is around $3.840 (trend line joining $4.53 and $4.05) and any break above will take the pair till $3.8925 (200 days MA)/$3.92 (Sep 26th 2016)/$4.05 (Sep 8th high). Major support is seen at $3.78 (Sep 30th low) and break below will drag the pair till  $3.70 (Sep 22nd low)/$3.53 (Aug 15th, 2016 low).