For the day ahead
Litecoin would need to avoid a fall through the $139.21 pivot level to support a run at the first major resistance level at $144.55.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $142.63.
Barring an extended crypto rally, the first major resistance level and resistance at $145 would likely cap any upside.
In the event of an extended breakout, Litecoin could test the second major resistance level at $147.98 and the 23.6% FIB of $148. Resistance at $150 would likely cap the upside, however.
Failure to move through the $139.21 pivot level would bring first major support level at $135.78 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $130.44.
Looking at the Technical Indicators
First Major Support Level: $135.78
Pivot Level: $139.21
First Major Resistance Level: $144.55
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87