LTC/EUR is seen trading slightly above on Tuesday after the plunge. The pair has recovered slightly from the low of 3.2990 made on 28th Aug 2016 (BTCE) .It is currently trading around 3.3710 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) - 3.546

Long-term trend remains to be neutral. In the daily chart, the pair is slightly above 10 – day MA and a slight jump till 3.50/3.76 is possible.

Major resistance is around 3.4080 (200- day MA) and any break above targets 3.5284 (90 –day EMA) and break above targets 3.78 (100 day MA). 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.