The pair has jumped till USDT11.80 at the time of writing after making a low of USDT11.30 (Poloniex). It is currently trading around USDT11.56 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.80

Kijun-Sen level: USDT11.77

Trend reversal level - (100 day MA) – USDT10.88

Long- term trend remains to be neutral. The pair faces minor trend line resistance at USDT12.10 (trend line joining USDT13.20 and USDT12.40). Any slight bullishness only above that level.

 Major resistance is seen at USDT12.10 and any break above targets USDT12.48 (38.2% retracement of USDT15.24 and USDT10.77)/USDT13.20 (Sep 13th 2016 high). Short term support is around USDT11.40 and any break below targets USDT11.15 (4th Sep low)USDT10.77 (Sep 9th low).