LTC/EUR is seen trading in the red on Tuesday. The pair has retreated till 4.50 after making a high of 4.81 levels (BTCE). It is currently trading around 4.61 at the time of writing. Slight dip till 4 is possible.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 4.35

Kijun-Sen level: 4.12

Trend reversal level - (90 day MA)-$3.50

Long term trend remains bullish. Major resistance is seen at 4.95 (1.414% retracement of 4.815 and 4.50) and any break above targets 5.59 (1.414% retracement of $4.755 and $2.73)/ 6.01. Short term support is seen at $4.45 (7 day EMA) and any violation below will drag the pair till $4.10 (21 day MA)/$3.74 (55 day EMA).