LTC/USD continues to trade flat on Monday, struggling to break above10-day EMA. It is trading at 3.42 levels at the time of writing (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.63

Kijun Sen: 3.66

Trend reversal: 3.75 (200-day MA)

On the upside, the pair faces major resistance at 3.75 (200-day MA) and a break above would target 3.93 (90 EMA)/4.17 (100-day MA). On the other side, the pair sees strong support at the psychological level of 3.50 and a break below would send the pair to 3.22 (August 2 low)/3.00.