LTC/USD moved further north on Friday on newly found momentum. It opened at $4.09 levels and has hit a high of $4.25 so far in the day. It currently trades at 4.20 levels, at the time of writing.
Ichimoku analysis of daily chart shows:
Tenken-Sen $3.81
Kijun-Sen $4.48
Both long-term and short-term trend appear bullish. The pair is expected to run into resistance at $4.31 (90 4H EMA and also 24 Jun high) and any break above confirms major bullishness, a jump till $4.65 (200 4H MA) /$4.84 (22 Jun high) is likely.
On the flipside, support is seen at $4.08 (7 4H EMA) and break below targets $3.85 (Jun 25 low)/$3.66 (61.8% retracement of $3.31 and $4.31).
