The pair has jumped till USDT12.02 at the time of writing and started to decline from that level (Poloniex). It is currently trading around USDT11.68 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.91

Kijun-Sen level: USDT11.83

Trend reversal level - (100 days MA) – USDT10.84

Long-term trend remains to be neutral. The pair is facing strong psychological resistance at USDT12 and any break above confirms minor bullishness. The pair is trading well below Tenkan-Sen and Kijun-Sen.

Major resistance is around USDT12 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 seen at USDT11.40 and any break below targets USDT11.15 (4th Sep low).