LTC/USD considerably weakened on Tuesday and fell to 4.69 levels (BTC-e). It has recovered slightly and currently trades at 4.82 levels at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 5.24

Kijun-Sen level: 4.82

The pair faces resistance at 5.20 (7 day EMA) and a break above will see the pair reaching 5.65 (Jun17th high). On the downside, support is seen at 4.60 (9th Jun low) and a consistent break below will target 4.38 (61.8% retracement of 3.60 and 5.65) and then 4.13 (90 day EMA).

According to FxWirePro, the pair is trading weak and a decline till 4.13 levels is possible.