LTC/EUR is seen trading above on Tuesday. The pair has slightly recovered from the 3.1190 yesterday (BTCE). It is currently trading around 3.369 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.21

Kijun-Sen level: 3.3105

Trend reversal level - (90 day MA) - 3.55

Long- term trend remains to be neutral. In a daily chart, LTC/EUR is trading slightly above Tenkan-Sen. But pair should close above 200 days MA for further bullishness.

Major resistance is seen at 3.310 (daily Kijun-Sen) and any break above targets 3.38 (200 days MA)/3.55 (90 days EMA)/3.77 (100 day MA). Short-term support can be noticed at 2.90 (Aug 2nd low) and any violation below will drag the pair till 2.76 (161.8% retracement of 3.04 and 4.145)/2.63.