For the day ahead
Litecoin would need to avoid a fall through the $281 pivot level to support a run at the first major resistance level at $296.
Support from the broader market would be needed, however, for Litecoin to break out from Thursday’s swing hi $291.25.
Barring an extended crypto rally, the first major resistance level and resistance at $300 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $315 before any pullback. The second major resistance level sits at $306.
Failure to avoid a fall through the $281 pivot level would bring the first major support level at $271 into play.
Barring an extended sell-off, Litecoin should steer well clear of the second major support level at $256.
Looking at the Technical Indicators
First Major Support Level: $271
Pivot Level: $281
First Major Resistance Level: $296
23.6% FIB Retracement Level: $229
38.2% FIB Retracement Level: $190
62% FIB Retracement Level: $127