For the day ahead
Litecoin should avoid a fall from the pivot level of $ 168.07 to support a run to the first major resistance level at $ 185.94.
Support from the broader market would be needed for Litecoin to exit Friday’s swing at $ 181.55, however.
Barring a prolonged crypto rally, the first major resistance level and resistance at $ 190 would likely cap any advantage.
In the event of another prolonged breakout, Litecoin could test resistance at $ 200 before any pullback. The second major resistance level is located at $ 199.42.
Failure to avoid a fall from the pivot level of $ 168.07 would bring the first major support level to $ 154.59 in play.
Unless there is an extended sale, Litecoin should avoid levels below $ 150. The second major support level stands at $ 136.72.
A look at technical indicators
First major support level: $ 154.59
Pivot level: $ 168.07
First major resistance level: $ 185.94
23.6% FIB retracement level: $ 145
38.2% FIB retracement level: $ 122
62% FIB …
- According to the source Ripple’s Ethereum, Litecoin, and XRP – Daily Tech Analysis – January 9, 2021
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