LTC/EUR is seen trading below in red on Thursday. The pair is has broken 200 –day MA and trading slightly below that level (BTCE). It is currently trading around 3.4030 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.49

Kijun-Sen level: 3.4170

Trend reversal level - (90 days MA) - 3.5145

Long-term trend remains to be neutral. In the daily chart, the pair is facing minor resistance at 90- day EMA and any break above will take the pair till 100- day MA at 3.69.

Major resistance is around 3.5145 (90- day EMA) and any break above targets break above targets 3.69 (100- day MA)/4/4.15 (Jul 2nd, 2016 high). Short-term support is seen at 3.378 (Sep 9th 2016 low) and any violation below targets 3.29 (Aug 28th low)/3.134 (61.8% retracement of 2.90 and 3.5130)/2.90 (Aug 2nd low).