LTC/EUR is struggling to break below 4.40 on Thursday. The pair has recovered after making a low of 4.44 yesterday. It is currently trading around 4.63 levels (BTCE) at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 4.35

Kijun-Sen level: 4.14

Trend reversal level - (90 days MA)-3.80

Long-term trend remains to be bullish. ETH/UER has taken support near 10 days EMA and any weakness can be seen only below 4.40. Therefore, it is good to buy at dips near 4.40(10 days EMA).

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 $4.40 (10 days EMA) and any violation below will drag the pair till $4.16 (21 days MA)/$3.77 (55 days EMA).