Following the massive plunge seen on Thursday, LTC/USD continues trading weak in a narrow range. It is currently trading at $4.01 levels (BTC-e) at the time of writing.
Ichimoku analysis of daily chart:
Tenkan-Sen $4.17
Kijun-Sen $4.48
Trend reversal - $4.135
Major resistance - $4.35 (21 day MA) and any break above confirms major bullishness, a jump till $4.53 (Jul 2 high)/ $4.84 (Jun 22 high)/$5. Major support - $3.85 (Jun 25 low) and break below targets $3.66 (61.8% retracement of $3.31 and $4.31)/$3.31 (Jun 26 low).
