LTC/USD has once again failed to break above 4.00 levels and currently trades at 3.93 levels at press time (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.87

Kijun Sen: 3.78

Trend reversal: 3.90 (90 EMA)

“LTC/USD is showing a slight dip after hitting 4.03 levels on September 04 and is trading close to 90 EMA. The pair must break above 4.00 levels for further upside”, FxWirePro said in a statement.

The pair will run into resistance at 4.14 levels (100-day MA) and a break above would see it testing 4.53 levels (July 02 high)/4.70 (113% retracement of 4.53 and 3.22).

On the flipside, 3.90 (90 EMA) is likely to act like a strong support for the pair and a break below would target 3.80 (200-day MA)/3.51 (161.8% retracement of 3.71 and 4.03).