For the day ahead
Litecoin would need to move through the $223 pivot level to support a run at the first major resistance level at $227.
Support from the broader market would be needed, however, for Litecoin to break out from $225 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $228.96 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $240 before any pullback. The second major resistance level sits at $233.
Failure to move through the $223 pivot level would bring the first major support level at $217 into play.
Barring another extended sell-off, Litecoin should continue to steer clear of sub-$210 support levels. The second major support level at $213 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $217
Pivot Level: $223
First Major Resistance Level: $227
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110