LTC/USD continues to trade well below 90 EMA, and struggling to sustain its strength above $4 mark. It currently trades at 4.05 levels (BTC-e) at the time of writing.
Ichimoku analysis of daily chart:
Tenkan-Sen: 4.156
Kijun-Sen: 4.480
Trend reversal - 4.131
The pair faces major resistance at 4.26 (55 day EMA) and any break above confirms major bullishness, a jump till 4.53 (Jul 2 high)/4.84 (22 Jun high)/5. On the downside, major support is likely to be found at 3.77 (61.8% retracement of 3.310 and 4.490) and break below targets 3.63 (200 day MA)/3.31 (Jun 26 low).
