LTC/USD turned positive on Thursday, following the downtrend seen from the past two days. It has hit a high of 4.06 levels and continues to hover around this level.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 4.07
Kijun-Sen level: 4.48
The pair faces major resistance at 4.12 (90 EMA), and a break above would see it testing 4.323 (June 24 high)/4.63 (21MA). On the other hand, support is likely to be found at 3.85 levels (June 25 low), and any weakness below this level would drag the pair to 3.60 (200 MA)/3.31 (June 23 low).
