For the day forward
Litecoin would wish to keep away from a fall by way of the $142.Zero pivot degree to assist a run on the first main resistance degree at $147.Eight and the 23.6% FIB of $148.
Help from the broader market can be wanted, nonetheless, for Litecoin to interrupt out from Sunday’s excessive $147.00.
Barring an prolonged crypto rally, the primary main resistance degree and 23.6% FIB would doubtless cap any upside.
Within the occasion of an prolonged breakout, Litecoin may take a look at resistance at $160. The second main resistance degree at $152.74.
Failure to keep away from a fall by way of the $142.Zero pivot degree would carry the primary main assist degree at $137.1 into play.
Barring one other prolonged sell-off, Litecoin ought to keep away from the 38.2% FIB of $125. The second main assist degree at $131.three ought to restrict any draw back.
Trying on the Technical Indicators
First Main Help Degree: $137.1
Pivot Degree: $142.0
First Main Resistance Degree: $147.8
23.6% FIB Retracement Degree: $148
38.2% FIB Retracement Degree: $125
62% FIB Retracement Degree: $87