LTC/EUR is struggling to go high above 4.80. The pair has retreated till 4.40 yesterday after making a high of 4.80 levels (BTCE) on Monday. It is currently trading around 4.531 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 4.35

Kijun-Sen level: 4.12

Trend reversal level - (90 days MA)-$3.55

Long-term trend remains bullish. Major resistance is seen at 4.95 (1.414% retracement of 4.815 and 4.50) and any break above targets 5.59 (1.414% retracement of $4.755 and $2.73)/ 6.01. Short term support is seen at $4.37 (10 days EMA) and any violation below will drag the pair till $4.16 (21 days MA)/$3.77 (55 days EMA). It is likely to decline till 4.