The pair has jumped slightly on Thursday after declining till USDT11.85 yesterday (Poloniex). It is currently trading around USDT12.07 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: USDT11.86

Kijun-Sen level: USDT12.05

Trend reversal level - (100 day EMA) – USDT10.26

Long-term trend remains to be neutral. The pair is facing strong resistance at USDT12.48 (38.2% retracement of USDT15.24 and USDT10.77) and any break above targets USDT13.20. In the daily chart, the pair is currently slightly below Tenken-Sen and Kijun-Sen.

Major resistance is around USDT12.48 (38.2% retracement of USDT15.24 and USDT10.77) and any break above targets USDT13.20 (Sep 13th high)/USDT14.55 (Aug 22nd high). Short-term support is seen at USDT11.76 (21- day MA) and any break below targets USDT11.53 (55- day EMA)/USDT11.15 (21st- Sep high).