LTC/EUR is seen trading above on Thursday. The pair jumped till 3.5930 levels (BTCE) and is currently trading around 3.59 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.53

Kijun-Sen level: 3.4170

Trend reversal level - (90 days MA) - 3.4765

Long- term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 100-day MA at 3.745.But it should break above 100-day MA for further bullishness.

Major resistance is around 3.738 (100- day MA) and any break above targets break above targets 4/4.15 (Jul 2nd, 2016 high). Short-term support is seen at 3.43 (200-day MA) and any violation below targets 3.29 (Aug 28th low)/3.134 (61.8% retracement of 2.90 and 3.5130)/2.90 (Aug 2nd low).