Titan armor

The Titan Armor is a top tier armor, which before 1.2 resembles a light blue version of Gold Armor. There is a 33.3% chance that a piece of Titan armor is dropped by Ocram.

Titan Armor which before the 1.2 update for console resembled a recolored Gold Armor.

It consists of a Titan Helmet, Titan Mail and Titan Leggings.

A full set grants a basic 45 defense, 30% increased ranged damage, 20% chance to not consume ammo, 10% increased movement speed and 20% increased ranged critical strike chance. It also gives a 28% chance to not consume ammo as a set bonus.

Trivia

 * As of the console's 1.2 release, Titan Armor now has its own unique sprite, before that it looked like a recolored version of the Gold armor.
 * A Titan is a mythical creature or being in Greek mythology that was even more powerful than a god. (The Titans came before the Greek gods and were their ancestors)

Previous Versions
Before the Console 1.2 update it looked like this: