LTC/USD sharply plunged on Tuesday, after hitting $4.45 levels (BTC-e) so far in the day. It currently trades at $4.23 levels, at press time.

Ichimoku analysis of daily chart shows:

Tenkan-Sen $4.197

Kijun-Sen $4.48

Trend reversal - $4.13

Major resistance is around $4.52 (21 day MA) and any break above confirms major bullishness, a jump till $4.84 (22 Jun high)/$5 is likely. On the other hand, major support is seen at $4.08 (Jul 1 low) and break below targets $3.85 (Jun 25 low)/$3.66 (61.8% retracement of $3.31 and $4.31).

The Litecoin Association in cooperation with the Litecoin Core development team has recently put forward the 2016 Litecoin Road Map, which outlines recent developments and lays out future plan, which includes new website, release of Litecoin Core v0.13.x, porting Litecoin over to Lamassu ATMs and much more.