LTC/ EUR trades in red and declines further. The pair has broken major support 4.57 on Tuesday and declined till 4.28 levels (BTCE). It is currently trading around 4.41 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 4.70

Kijun-Sen level: 4.39

Trend reversal level - (90 day MA)- 3.70

The long-term trend remains to be bullish. LTC/EUR is trading well below Tenken-Sen and  Kijun-Sen. There is a possible dip till 3.90/3.60.   

Major resistance is seen at 4.72 (7 days EMA) and a break above targets 4.95 (61.8% retracement of 5.20 and 4.55) /5.20/5.59 (1.414% retracement of $4.755 and $2.73). Short term support is seen at 4.40  and any violation below will drag the pair till 3.90 (Jun 7th low)/3.70.