LTC/EUR is seen facing a strong resistance and trading above on Monday. The pair has made a temporary top around 3.50 and slightly declined from that level (BTCE). It is currently trading around 3.359 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.313

Kijun-Sen level: 3.311

Trend reversal level - (90 days MA) - 3.528

Long-term trend remains to be neutral. In the daily chart, the pair is facing strong resistance at 90- day EMA and it should break above that level for further bullishness.

Major resistance can be noticed at 3.5284 (90 –day EMA) and break above targets 3.78 (100 days MA)/4/4.32 (61.8% retracement of 5.207 and 2.90). Short-term support is seen at 3.31 (9 day EMA) 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.