For the day ahead
Litecoin would need to move back through the $182.35 pivot level to support a run at the first major resistance level at $194.56.
Support from the broader market would be needed, however, for Litecoin to break back through to $190 levels.
Barring an extended crypto rally, the first major resistance level and Wednesday’s swing hi $195.15 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $210 before any pullback. The second major resistance level sits at $207.36.
Failure to move back through the $182.35 pivot level would bring the first major support level at $169.55 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$160 levels. The second major support level sits at $157.34.
Looking at the Technical Indicators
First Major Support Level: $169.55
Pivot Level: $182.35
First Major Resistance Level: $194.56
23.6% FIB Retracement Level: $155
38.2% FIB Retracement Level: $130
62% FIB Retracement Level: $90