LTC/USD continues to trade in a narrow range below 200 DMA. The pair has failed to close above this level and currently trades at 3.82 levels (BTC-e).

Short-term trend: Bearish

Ichimoku analysis of daily chart:

Tenkan Sen: 3.90

Kijun Sen: 3.80

Trend reversal: 3.90 (90 EMA)

While the pair is struggling to close above 3.83 (200 DMA), it is facing strong resistance from 3.85 levels (21 DMA). A break above would target 3.90 (90 EMA)/ 4.05 (September 08 high).

The pair is currently trading inside the Ichimoku cloud and has taken support near 3.75 levels. A break below 3.71 (August 28 low) would see a further dip till 3.50 (psychological level)/ 3.22 (August 02 low).