LTC/EUR is seen trading well below on Tuesday. The pair has made a temporary top around 3.49 (Aug 7th high) and declined from that level (BTCE). It is currently trading around 3.168 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.32

Kijun-Sen level: 3.35

Trend reversal level - (90 days MA) - 3.615

Long- term trend remains to be neutral. In a daily chart, LTC/EUR is trading well below Tenken-Sen and Kijun-Sen. So a decline till 2.90 is possible.

Major resistance can be noticed at 3.37 (200 days EMA) and break above targets 3.615 (901 days EMA)/3.78 (100 day MA). Short term support is seen at 2.90 (Aug 2nd low) and any violation below will drag the pair till 2.76 (161.8% retracement of 3.04 and 4.145)/2.63.