LTC/USD could not hold its ground on Monday and plunged to 5.2 levels (BTC-e). It has recovered slightly and currently trades at 5.24 levels at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 5.18

Kijun-Sen level: 4.97

According to FxWirePro, short-term trend is weak and a decline to 4.50 levels is possible.

The pair faces immediate resistance at 5.65 (June 17 high) and a break above could see it testing 6.05 (161.8% retracement of 5.65 and 5). On the reverse side, support is seen at 5.16 (23.6% retracement 3.60 and 5.65) and any weakness below this levels could drag the pair to 4.89 (21 day MA)/4.39 (55 EMA).