LTC/USD further moved upwards on Tuesday, continuing its rebound from 3.71 levels hit on August 28. It is currently trading at 3.78 levels at the time of writing (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.78

Kijun Sen: 3.77

Trend reversal: 3.91 (90 EMA)

“LTC/USD briefly broke above 200-day MA and is looking for a close above this level, which would see a further jump in the pair”, FxWirePro said.

The pair is hovering around 3.78 levels (200-day MA) and a strong break above this level would take it to 3.91 (90 EMA)/4.15 (100-day MA).

On the other hand, support is seen at 3.69 (21-day MA) and a break below would target 3.50/3.22 (August 02 low).