LTC/USD has recovered from the lows of 4.83 levels (BTC-e) seen on Tuesday and is trading at 5.06 levels at the time of writing.

Ichimoku analysis (daily chart):

Tenkan-Sen level: 4.97

Kijun-Sen level: 4.6

Trend reversal level - (90 day EMA) - 3.99

Long term trend remains bullish and the pair is likely to find resistance at 5.41 levels (1.13% retracement of 5.35 and 4.834 levels), and a break above would see the pair testing 5.66 levels and then to 6.18 levels. On the flipside, support is likely to be found around $4.93 (23.6% retracement of $5.35 and $3.6) and any weakness below this level will see the pair dropping to break below targets $4.50/$4.18 (55 day EMA).