For the day forward
Litecoin would want to maneuver again by way of the $89.80 pivot to assist a run on the first main resistance degree at $93.59.
Help from the broader market could be wanted, nonetheless, for Litecoin to interrupt again by way of to $93 ranges.
Barring one other prolonged crypto rally, the primary main resistance degree and Tuesday’s excessive $94.05 would seemingly cap any upside.
Within the occasion of one other prolonged breakout, Litecoin would seemingly check the second main resistance degree at $97.85. The 62% FIB of $100 would seemingly cap any upside, nonetheless.
Failure to maneuver again by way of the $89.80 pivot degree would carry the primary main assist degree at $85.54 into play.
Barring an prolonged sell-off on the day, nonetheless, Litecoin ought to keep away from sub-$80 ranges. The second main assist degree at $81.75 ought to restrict any draw back.
Trying on the Technical Indicators
First Main Help Stage: $85.54
Pivot Stage: $89.80
First Main Resistance Stage: $93.59
23.6% FIB Retracement Stage: $45.30
38.2% FIB Retracement Stage: $71
62% FIB Retracement Stage: $100