For the day ahead
Litecoin would need to move back through the $125.25 pivot level to support a run at the first major resistance level at $132.51.
Support from the broader market would be needed, however, for Litecoin to break back through to $130 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s high $135.13 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $140 before any pullback. The second major resistance level sits at $142.38.
Failure to move back through the $125.25 pivot level would bring the 38.2% FIB of $125 and the first major support level at $115.38 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $108.12.
Looking at the Technical Indicators
First Major Support Level: $115.38
Pivot Level: $125.25
First Major Resistance Level: $132.51
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87