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LTC/EUR is seen facing a strong support trading low in red on Tuesday. The pair has broken major support 3.35 and declined till $3.295 levels (BTCE). It is currently trading around 3.36 at the time of writing.
Ichimoku analysis of daily chart shows:
Tenkan-Sen level: 3.56
Kijun-Sen level: 3.67
Trend reversal level - (90 days MA) - 3.707
The short- term trend remains to be bearish. LTC/EUR has broken major support at 200-day MA and if it closes below that levels, a further dip till 3/2.76 is possible.
Major resistance is seen at 3.568 (7 days EMA) and any break above targets 3.67 (21 days EMA)/3.75 (55 days EMA). Short-term support can be noticed at 3.34 and any violation below will drag the pair till 3.04 (Jun 23rd, 2016 low)/2.76.
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FxWirePro: LTC/EUR faces strong support at 200-day MA, close below targets 3/2.76
Tuesday, August 2, 2016 11:38 AM UTC
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