LTC/EUR is seen facing strong resistance and trading above on Thursday. The pair has made a high of 3.4650 and slightly declined from that level (BTCE).It is currently trading around 3.4390 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.3495

Kijun-Sen level: 3.311

Trend reversal level - (90 days MA) - 3.52199

Long-term trend remains to be neutral. In the daily chart, the pair is trading well above 200-day MA .But it should break above 90-day EMA for further bullishness.

Major resistance is around 3.5200 (90- day MA) and any break above targets break above targets 3.76 (100 days MA)/4. Short-term support is seen at 3.31 (daily Kijun-Sen) and any violation below targets 3.134 (61.8% retracement of 2.90 and 3.5130)/2.90 (Aug 2nd low) /2.76 (161.8% retracement of 3.04 and 4.145)/2.63.