LTC/EUR is seen trading below in red on Monday. The pair has slightly retreated after making a high of3.730 levels (BTCE) on Friday. It is currently trading around 3.620 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.80

Kijun-Sen level: 4.126

Trend reversal level - (90 days MA) – 3.73

Long-term trend remains to be bullish. The short- term trend seems to be bearish. LTC/EUR has broken major trend reversal level 3.74 (90 days EMA). So a decline till 3.05 is possible.

Major resistance can be noticed at 3.740 (7 days EMA) and break above targets 3.87 (55 days EMA)/3.99 (21 days MA)/4.145 (Jul 2nd high). Short term support is seen at 3.46 (Jul 7th low) and any violation below will drag the pair till 3.28 (200 days MA)/3.04 (Jun 23rd low).