LTC/USD briefly broke above 90 EMA and hit a high of 4.18 levels so far in the day. However, it could not hold its strength and retreated. It currently trades at 4.02 levels at the time of writing (BTC-e).
Ichimoku analysis of daily chart:
Tenkan-Sen: 4.15
Kijun-Sen: 4.48
Trend reversal - 4.13
Major resistance - 4.18 (21 day MA) and any break above confirms major bullishness, a jump till 4.53 (Jul 2 high)/4.84 (22 Jun high)/5. Major support - 3.85 (Jun 25 low) and break below targets 3.63 (200 day MA)/3.31 (Jun 26 low). Short-term trend remains bearish for the pair.
