The pair has jumped till USDT11.85 yesterday and started to decline from that level (Poloniex). It is currently trading around USDT11.69 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.97

Kijun-Sen level: USDT12.04

Trend reversal level - (100 day MA) – USDT10.79

Long-term trend remains to be neutral. The pair is facing strong resistance at USDT11.87 (10- day MA) and any break above confirms minor bullishness. The pair is trading well below Tenkan-Sen and Kijun-Sen.

 Major resistance is around USDT11.87 (10- day MA) and any break above targets UST12.04 (daily Kijun-Sen)/USDT12.48 (38.2% retracement of USDT15.24 and USDT10.77). Short-term support is seen at USDT11.56 (55- day EMA) and any break below targets USDT11.15 (21st- Sep high).