LTC/EUR is seen going up in trading on Tuesday. The pair has jumped till 3.790 and slightly retreated from that level (BTCE). It is currently trading around 3.75 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.678

Kijun-Sen level: 3.595

Trend reversal level - (90 day MA) – 3.73

The long-term and short-term trend seems to be bullish. LTC/EUR is trading slightly above Tenkan-Sen and Kijun-Sen. Due to this; slight jump till 4 is possible.

Major resistance is seen at 3.83 (55 days EMA) and a break above targets 4 (Jun 25th high)/4.145 (Jul 2nd, 2016 high). Short-term support can be noticed at 3.6780 (daily Tenkan-Sen) and any violation below will drag the pair till 3.590/3.43 (61.8% retracement of 3.04 and 4.14/3.30 (200 day MA)/3.04 (Jun 23rd low).