For the day ahead
Litecoin would need to avoid a fall through the $180.09 pivot level to support a run at the first major resistance level at $191.30 and the 23.6% FIB of $195.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $189.69.
Barring an extended crypto rally, the first major resistance level and the 23.6% FIB 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 $200.89.
Failure to avoid a fall through the $180.09 pivot level would bring the first major support level at $170.50 into play.
Barring another extended sell-off, Litecoin should steer clear of the 38.2% FIB of $163 and the second major support level at $159.29.
Looking at the Technical Indicators
First Major Support Level: $170.50
Pivot Level: $180.09
First Major Resistance Level: $191.30
23.6% FIB Retracement Level: $191
38.2% FIB Retracement Level: $159
62% FIB Retracement Level: $108