For the day ahead
Litecoin would need to move through the $186.63 pivot level to support a run at the 23.6% FIB of $195 and the first major resistance level at $198.04.
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 Thursday’s high $205.20 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $220 before any pullback. The second major resistance level sits at $216.62.
Failure to move through the $186.63 pivot level would bring the first major support level at $168.05 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $156.64. The 38.2% FIB of $163 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $168.05
Pivot Level: $186.63
First Major Resistance Level: $198.04
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110