LTC/EUR is seen facing a strong resistance on Friday. The pair has recovered from the low of 3.3970 levels (BTCE). It is currently trading around 3.4300 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.38

Kijun-Sen level: 3.311

Trend reversal level - (90 day MA) - 3.5218

Long-term trend remains to be neutral. In the daily chart, pair has taken support at 9-day EMA .But it should break below 9-day EMA for further bearishness.

Major resistance is around 3.5200 (90- day MA) and any break above targets break above targets 3.76 (100 day MA)/4. Short-term support is seen at 3.37 (9-day EMA) and any violation below targets 3.29 (100-day MA)/3.134 (61.8% retracement of 2.90 and 3.5130)/2.90 (Aug 2nd low) /2.76 (161.8% retracement of 3.04 and 4.145)/2.63.