LTC/EUR is seen trading below in red on Friday. The pair is trading in a narrow range between 3.80 and 3.70 levels (BTCE) for the past four trading session. It is currently trading around 3.74 at the time of writing.

Ichimoku analysis (Daily chart):

Tenkan-Sen level: 3.719

Kijun-Sen level: 3.805

Trend reversal level - (90 days MA) – 3.73

Long-term trend remains bullish. The short- term trend seems to be bearish. LTC/EUR is facing resistance at 55 day EMA and break above confirms minor trend reversal.

Major resistance is seen at 3.822 (55 days EMA) and a break above targets 4 (Jun 25th high)/4.145 (Jul 2nd, 2016 high). Short-term support can be noticed at 3.715 (daily Tenkan-Sen) and any violation below will drag the pair till 3.590/3.43 (61.8% retracement of 3.04 and 4.14/3.30 (200 days MA)/3.04 (Jun 23rd low).