For the day ahead
Litecoin would need to avoid a fall through the $172 pivot level to support a run at the first major resistance level at $181.
Support from the broader market would be needed, however, for Litecoin to break out from the morning high $177.80.
Barring an extended crypto rally, the first major resistance level would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $190 before any pullback. The second major resistance level sits at $185.
Failure to avoid a fall through the $172 pivot level would bring the first major support level at $167 into play.
Barring an extended sell-off, Litecoin should steer clear of the second major support level at $159. The 38.2% FIB of $163 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $167
Pivot Level: $172
First Major Resistance Level: $181
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110