LTC/USD traded in the red on Monday, falling to 4.06 levels so far in the day. It is currently trading at 4.07 levels at the time of writing (BTC-e).

Ichimoku analysis (Daily chart):

Tenkan-Sen level: 4.03

Kijun-Sen level: 4.07

The pair faces major resistance at 4.23 levels (55 EMA) and a break above would target $4.48 (50% retracement of $5.65 and $3.311)/$4.75. On the flip side, support is likely to be found at $3.81 (Jul 7 high) and a break below would target 3.63 levels (200 DMA)/3.31 (June 23 low).