LTC/USD hit a high of 4.31 levels, on the back of newly found momentum. It currently trades at 4.10 levels (BTC-e), at the time of writing.

Ichimoku analysis of 4h chart shows:

Tenkan-Sen level: 3.81

Kijun-Sen level: 4.31

The pair faces major resistance at 4.20 (38.2% retracement of 5.65 and 3.31), and a consistent break above this level would see the pair testing 4.3 (55 4h EMA)/4.85 levels.

On the flip side, the LTC/USD is likely to find support at 3.92(7 4h EMA) and a break below would target 3.52 (78.6% retracement of 3.31 and 4.31)/3.31 levels.

According to FxWirePro, the pair is trading well above tenkan sen, showing that the trend is slightly bullish. A jump till 4.65 is on the cards.