LTC/USD continues to trade weak on Wednesday. After hitting $4.40 levels, the pair retreated sharply and currently trades at $4.33 levels.
Ichimoku analysis of daily chart shows:
Tenkan-Sen $4.21
Kijun-Sen $4.48
Trend reversal - $4.135
Major resistance seen at $4.46 (21 day MA) and any break above confirms major bullishness, a jump till $4.84 (22 nd Jun high)/$5 is possible.
Major support is likely to be found at $4.13 (90 day EMA) and break below targets $3.85 (Jun 25 th low)/$3.66 (61.8% retracement of $3.31 and $4.31).
