LTC/EUR trades in red on Friday and struggles to move high. The pair has retreated after making a high of 5.20 levels (BTCE). It is currently trading around 4.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 4.35

Kijun-Sen level: 4.22

Trend reversal level - (90 days MA)-3.60

Long-term trend remains bullish. LTC/EUR is facing strong support near 10 days EMA and is expected to break the level 4.40 in the coming days. So dip till 3.90 is possible.

Major resistance is seen at 4.95 (61.8% retracement of 5.20 and 4.55) and any break above targets 5.20/5.59 (1.414% retracement of $4.755 and $2.73). Short term support is seen at $4.50 (10 days EMA) and any violation below will drag the pair till $3.90 (Jul 7th low)/3.60 (90 EMA).