For the day ahead
Litecoin would need to avoid a fall through the $184.41 pivot level to support a run at the first major resistance level at $193.04.
Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $195.15 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $200 before any pullback. The second major resistance level sits at $202.27.
Failure to avoid a fall through the $184.41 pivot level would bring the first major support level at $175.18 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $166.55.
Looking at the Technical Indicators
First Major Support Level: $175.18
Pivot Level: $184.41
First Major Resistance Level: $193.04
23.6% FIB Retracement Level: $155
38.2% FIB Retracement Level: $130
62% FIB Retracement Level: $90
Tags: Litecoin price