LTC/EUR is seen trading above on Friday after the plunge. The pair has recovered sharply from the low of 3.378 levels (BTCE) and is currently trading around 3.5350at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.55

Kijun-Sen level: 3.4170

Trend reversal level - (90 day MA) - 3.519

Long- term trend remains to be neutral. In the daily chart, pair is facing strong support at 200-day MA and any close below confirms further bearishness.

Major resistance is around 3.732 (100- day MA) and any break above targets break above targets 4/4.15 (Jul 2nd 2016 high). Short-term support is seen at 3.43 (200-day MA) and any violation below targets 3.29 (Aug 28th low)/3.134 (61.8% retracement of 2.90 and 3.5130)/2.90 (Aug 2nd low).