The pair has once retreated after making a high of USDT11.74 yesterday (Poloniex). It is currently trading around USDT11.56 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT12.17

Kijun-Sen level: USDT11.98

Trend reversal level - (90 days EMA) – USDT10.60

Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 21- day EMA and any slight bullishness if it closes above that level.

Major resistance is around USDT11.72 (21- day MA) and any break above targets USDT12.17 (daily tenken-Sen)/USDT13.20 (Sep 13th high). Short term support is seen at USDT10.77 (Sep 4th 2016 low) and any violation below will drag the pair down USDT10.56 (90- day EMA)/USDT9.94 (100- day MA).