LTC/USD continues to trade below 200-day MA after hitting 3.99 levels. The pair is trading in a narrow range between 3.83 and 3.89 levels (BTC-e).

Ichimoku analysis of daily chart:

Tenkan Sen: 3.87

Kijun Sen: 3.84

Trend reversal: 3.86 (90 EMA)

“The pair seems to have taken support near 3.82 levels (21-day MA) and a break below would see further weakness in the pair”, FxWirePro said in a statement.

The pair faces major resistance at 3.92 (200-day MA) and a break above would target 3.99 (October 13 high)/4.05 (September 08 high).

On the downside, the pair will likely find support near 3.82 levels (21-day MA) and a break below would drag the pair to 3.75 levels/3.70 (September 22 low)/3.50 (psychological level).

In a recent update, Litecoin developer Xinxi Wang wrote:

“We are still rebasing Litecoin 0.13. Now we have a working version”.

“You can clone and compile and try it out: https://github.com/wangxinxi/litecoin. But don't use it for real transactions. If you have an old version of Litecoin Core, please remember to backup the old wallet first. The new version is not thoroughly tested yet, so there are probably some bugs remaining”, he added.

In addition, Anthony di Iorio, CEO and founder of Decentral & Jaxx, co-founder of Ethereum, explained a glitch which made LTC users unable to use Jaxx to see the most updated wallet balances.

“We had decided to launch Litecoin on the backbone of blockr.io, a 3rd party service we use to display balances and push transactions”, he wrote. “Unfortunately, a couple days ago blockr.io went down, and after popping back up briefly, went back down and remains down. Right now, What this means is that our LTC users have been unable to use Jaxx to see the most updated wallet balances, as well as not being able to send funds. Please know your funds are safe and we're working to rectify the problem.”

In order to ensure that this doesn’t happen again, Di Iorio said that the team is now creating the full infrastructure and redundancy systems for tokens they carry.

“For now we and our users rely on blockr, but very soon we'll be deploying our own multiple nodes, api, and relay system to add more robustness to Jaxx. The ultimate plan in the future is for individual users to run and tap into their own nodes should they wish to do so”, he said.