LTC/USD is struggling to break above 21-DMA and is currently resting near 3.78 levels, where it currently trades (BTC-e).
Ichimoku analysis of daily chart:
Tenkan Sen: 3.81
Kijun Sen: 3.81
Trend reversal: 3.86 (90 EMA)
On the upside, the pair is struggling to break above 3.81 (21-DMA). A consistent break above this level would see the pair testing 3.86 (90 EMA)/3.90 (200-DMA.
On the downside, 3.78 level is acting as a major support for the pair. A break below would drag it to 3.70 (September 22 low)/3.50 (psychological level).
In a recent update, Litecoin developer Xinxi Wang said that two new members – Peng Sun and Fan Yang – have completed their training and will help Litecoin creator Charlie Lee with the Litecore project first, which will enable Trezor wallets to support Litecoin.
Moreover, Litecoin Association has released a new video that explains sidechain concept:
New Video Sidechains Explained - @RSKsmart @dieguito #Litecoin #Bitcoin https://t.co/atj5EQM8EW
— Litecoin Association (@LitecoinAssoc) October 10, 2016
