After taking support near 3.75 levels, LTC/USD has shown a small jump till 3.81 levels and continues to hover around this level (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.77

Kijun Sen: 3.87

Trend reversal: 3.88 (90 EMA)

On the topside, major resistance is seen at 3.86 levels (200-day MA) and a break above would see the pair testing 3.94 levels (100 DMA)/ 4.05 (September 8 high).

On the downside, support is seen at 3.75 levels (September 22 low) and a break below would target 3.50 (psychological level)/ 3.22 (August 02 low).

On Friday, Litecoin developer Xinxi Wang announced that code work will be released soon. He wrote:

“We have a well accepted innovation plan. But execution is surely the most important part! So we are now focusing on coding, and Charlie Lee will lead. Updates will be published frequently. As usual, C++ programmers are welcome to join! Let's make Litecoin even more awesome”.