LTC/EUR is seen trading below in red on Wednesday. The pair has broken major support at 200 day MA and declined till $2.90 (BTCE) yesterday. It is currently trading around 3.31 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.32

Kijun-Sen level: 3.35

Trend reversal level - (90 days MA) - 3.6980

The short- term trend seems to be bearish. ETH/EUR has closed slightly below 200 days MA yesterday. So a decline till 2.76/2.63 is possible.

Major resistance is seen at 3.49 (7 days EMA) and any break above targets 3.649 (21 days EMA)/3.73 (55 days EMA).Short-term support can be noticed at 2.90 (yesterday’s low) and any violation below will drag the pair till 2.76 (161.8% retracement of 3.04 and 4.145)/2.63.