For the day ahead
Litecoin would need to avoid a fall through the $191.36 pivot level to support another run at the first major resistance level at $205.83.
Support from the broader market would be needed, however, for Litecoin to avoid a fall back to sub-$200 levels.
Barring an extended crypto rally, the first major resistance level and today’s new swing hi $209.50 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 $214.46.
Failure to avoid a fall through the $191.36 pivot level would bring the first major support level at $182.73 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$180 levels. The second major support level sits at $168.26.
Looking at the Technical Indicators
First Major Support Level: $182.73
Pivot Level: $191.36
First Major Resistance Level: $205.83
23.6% FIB Retracement Level: $159
38.2% FIB Retracement Level: $133
62% FIB Retracement Level: $92
Tags: Litecoin price