LTC/USD hit a fresh high of 3.99 levels on Thursday before closing at 3.88 levels. It is currently trading at 3.87 levels at the time of writing (BTC-e).
Ichimoku analysis of daily chart:
Tenkan Sen: 3.87
Kijun Sen: 3.84
Trend reversal: 3.86 (90 EMA)
“The pair is trading below 200-day MA, but seems to have found support near 3.85 (100-day MA). Further bullishness would be seen only if the pair closes above 200-day MA, which would see it testing 4.05 levels”, FxWirePro said in a statement.
The pair faces major resistance at 3.91 (200-day MA) and a break above would target 3.99 (October 13 high)/4.05 (September 08 high).
On the downside, the pair has taken support near 3.85 levels (100-day MA) and a break below would target 3.75 levels/3.70 (September 22 low)/3.50 (psychological level).
Litecoin has completed five years of existence and to commemorate the occasion Litecoin creator Charlie Lee announced that users can now reserve the limited edition Ledger Nano S:
Happy 5th Anniversary to Litecoin! You can reserve your limited edition Ledger Nano S now: https://t.co/f2yW71Mp0a @LedgerHQ @LitecoinAssoc
— Charlie Lee (@SatoshiLite) October 13, 2016
The Litecoin Association has released a video that provides an overview of the Anniversary Ledger Nano S:
