For the day ahead
Litecoin would need to move back through the $184 pivot level to support a run at the first major resistance level at $188.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $187.30.
Barring an extended crypto rally, the first major resistance level and resistance at $190 would likely cap any upside.
In the event of an extended rally, Litecoin could test resistance at 23.6% FIB of $195 before any pullback. The second major resistance level sits at $191.
Failure to move back through the $184 pivot level would bring the first major support level at $180 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$170 levels. The second major support level at $177 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $180
Pivot Level: $184
First Major Resistance Level: $188
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110