LTC/EUR is seen trading below on Friday. The pair has recovered sharply from the low of 2.90 in the previous week (BTCE). It is currently trading around 3.36 at the time of writing.

Ichimoku analysis of weekly chart shows:

Tenkan-Sen level: 4.05

Kijun-Sen level: 3.95

Trend reversal level - (90 W EMA) – 4.15

Long- term trend remains to be neutral. ETH/EUR is facing strong resistance at 90 W EMA and any break above targets 5.20.

Major resistance can be observed at 3.67 (7 W EMA) and break above targets 3.95 (Weekly Kijun-Sen)/4.15/5.20 (Jun 17th high). Short-term support is seen at 2.80 (100 day MA) and any violation below will drag the pair till 2.63 (161.8% retracement of 3.319 and 2.89)/2.35.