LTC/USD continued its upward move and reached all-time high at 5.37 at the time of writing and jump till 6.95 is possible. It currently trades at 5.45 levels (KRAKEN) at the time of writing.

Ichimoku analysis of the daily chart shows:

Tenkan-Sen level: $5.08

Kijun-Sen level: $4.51

Trend reversal level - (21 day MA)-$4.60

The long-term trend remains bullish. The pair has broken major resistance $5.13 (May 27th 2016) and jumped till $5.4899.It is currently trading around $5.45167 at the time of writing. Major resistance is seen at $5.500 (round figure) and any break above targets $5.75 (1.618% retracement of $5.1399 and $4.04)/$6.97. Short term support is seen at $4.60 (21 day MA) and any violation below will drag the pair till $4.04 (30 th May 2016 low)/$3.49 (May 7th 2016 high).