LTC/EUR is seen trading flat on Wednesday. The pair is consolidating in a narrow range between 3.4860 and 3.39 for the past two trading session (BTCE). It is currently trading around 3.41 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.49

Kijun-Sen level: 3.4170

Trend reversal level - (90 days MA) - 3.5165

Long-term trend remains to be neutral. In the daily chart, the pair is facing major resistance at 90- day EMA and any break above will take the pair till 100- day MA at 3.6967.

Major resistance is around 3.5165 (90- day EMA) and any break above targets break above targets 3.69 (100- day MA)/4/4.15 (Jul 2nd, 2016 high). Short-term support is seen at 3.378 (Sep 9th 2016 low) 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).