LTC/EUR is seen trading flat on Monday. The pair is trading in a narrow range between 2.90 and 3.49 for the past three weeks (BTCE). It is currently trading around 3.1710 at the time of writing.

Ichimoku analysis of daily chart shows:

Tenkan-Sen level: 3.23

Kijun-Sen level: 3.31

Trend reversal level - (90 day MA) - 3.55

Long-term trend remains to be neutral. In a daily chart, LTC/EUR is trading well below Tenken-Sen and Kijun-Sen. So a decline till 2.90/2.63 is possible.

Major resistance can be seen at 3.199 (9 days EMA) and break above targets 3.38 (200 days MA)/3.59 (90 days EMA)/3.78 (100 day MA). Short-term support can be noticed at 2.90 (Aug 2nd low) and any violation below will drag the pair till 2.76 (161.8% retracement of 3.04 and 4.145)/2.63.