For the day ahead
Litecoin would need to avoid a fall through the $339 pivot to support a run at the first major resistance level at $377.
Support from the broader market would be needed, however, for Litecoin to break out from Wednesday’s high $360.00.
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 $400. The second major resistance level sits at $398.
Failure to avoid a fall through the $339 pivot would bring the first major support level at $318 into play.
Barring an extended sell-off, however, Litecoin should steer clear of sub-$300. The Second major support level sits at $280.
Looking at the Technical Indicators
First Major Support Level: $318
Pivot Level: $339
First Major Resistance Level: $377
23.6% FIB Retracement Level: $250
38.2% FIB Retracement Level: $207
62% FIB Retracement Level: $138