LTC/EUR trades well below 4.00, decline till 3.05 likely
LTC/EUR is seen trading above on Friday. The pair has slightly recovered after making a low of 3.46 levels (BTCE). It is currently trading around 3.68 at the time of writing. Ichimoku analysis of daily chart shows: Tenka…
LTC/EUR is seen trading above on Friday. The pair has slightly recovered after making a low of 3.46 levels (BTCE). It is currently trading around 3.68 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 3.80
Kijun-Sen level: 4.126
Trend reversal level - (90 day MA) – 3.74
Long-term trend remains to be bullish. Short- term trend seems to be bearish. LTC/EUR is struggling to close above 4 level. So bullishness can be seen only above that level.
Major resistance can be observed at 3.7925 (7 days EMA) and break above targets 3.89 (55 days EMA)/3.99 (21 days MA)/4.145 (Jul 2nd high). Short term support is seen at 3.46 (Yesterday’s low) and any violation below will drag the pair till 3.28 (200 day MA)/3.04( Jun 23rd low).
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