The pair has broken 21- day MA at USDT11.77 and jumped till USDT12.28 (Poloniex). It is currently trading around USDT11.78 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.67

Kijun-Sen level: USDT11.98

Trend reversal level - (100 day EMA) – USDT10.26

Long-term trend remains to be neutral. In the daily chart, pair is facing strong resistance at USDT12.31 (Ichimoku cloud) and further bullishness can be seen above that level.

Major resistance is seen at USDT12.31 (Ichimoku Cloud) and any break above targets USDT13.20 (Sep 13th high)/USDT14.55 (Aug 22nd high). Short term support is around USDT11.60 (10- day MA) and any break below targets USDT11.15 (21st- Sep high) and break below targets USDT10.77 (Sep 4th 2016 low) /USDT10.26 (100- day MA).