LTC/EUR struggles to break above 4, decline till 3.05 likely
LTC/EUR is seen struggling to move above on Thursday. The pair has slightly declined after making a high of 3.73 levels (BTCE). It is currently trading around 3.68 at the time of writing. Ichimoku analysis of daily chart…
LTC/EUR is seen struggling to move above on Thursday. The pair has slightly declined after making a high of 3.73 levels (BTCE). It is currently trading around 3.68 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 3.78
Kijun-Sen level: 4.05
Trend reversal level - (90 days MA) – 3.73
Long-term trend remains to be bullish. The short- term trend seems bearish. LTC/EUR is struggling to close above 4 level. So a decline till 3.46 can be seen.
Major resistance is seen at 3.759 (21 days EMA) and a break above targets 3.85 (55 days EMA)/4 (Jun 25th high). The short-term support can be noticed at 3.43 (61.8% retracement of 3.04 and 4.14) and any violation below will drag the pair till) 3.30 (200 days MA)/3.04 (Jun 23rd low).
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