LTC/EUR is seen facing a strong resistance on Wednesday. The pair has broken minor resistance at 9-day EMA around 3.34 and jumped till 3.4100 levels (BTCE). It is currently trading around 3.411 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.316

Kijun-Sen level: 3.311

Trend reversal level - (90 days MA) - 3.522

Long-term trend remains to be neutral. In the daily chart, the pair is slightly above 200-day MA. But the pair should break the temporary top formed around 3.513 on Aug 23rd, 2016 high for further bullishness.

Major resistance is around 3.410 (200- day MA) and any break above targets 3.5284 (90 –day EMA) and break above targets 3.76 (100 day MA). Short-term support is seen at 3.31 (daily Kijun-Sen) and any violation below targets 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.