For the day ahead
Litecoin would need to avoid a fall through the $298 pivot level to support a run at the first major resistance level at $330.
Support from the broader market would be needed, however, for Litecoin to break out from Friday’s swing hi $319.94.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at $350 before any pullback. The second major resistance level sits at $352.
Failure to avoid a fall through the $298 pivot level would bring the first major support level at $277 into play.
Barring an extended sell-off, Litecoin should steer clear of the 23.6% FIB of $250. The second major support level sits at $245.
Looking at the Technical Indicators
First Major Support Level: $277
Pivot Level: $298
First Major Resistance Level: $330
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138