LTC/EUR is seen trading higher on Wednesday. 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 days MA) – 3.73

Long-term trend remains to be bullish. The short-term trend seems to be bearish. LTC/EUR is trading slightly above Tenkan-Sen and Kijun-Sen. So slight 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 days MA)/3.04(Jun 23rd low).