For the day ahead
Litecoin would need to avoid the 23.6% FIB of $178 and the $177 pivot to bring the first major resistance level at $186 into play.
Support from the broader market would be needed, however, for Litecoin to break back out from Wednesday’s high $182.78.
Barring an extended crypto rally, the first major resistance level 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 at sits $192.
A fall through the 23.6% FIB of $178 and the $177 pivot would bring the first major support level at $172 into play.
Barring another extended sell-off, however, Litecoin should steer clear of sub-$170 levels. The second major support level sits at $163.
Looking at the Technical Indicators
First Major Support Level: $172
Pivot Level: $177
First Major Resistance Level: $186
23.6% FIB Retracement Level: $178
38.2% FIB Retracement Level: $223
62% FIB Retracement Level: $296