For the day ahead
Litecoin would need to move back through the $134.33 pivot level to support a run at the first major resistance level at $140.25.
Support from the broader market would be needed, however, for Litecoin to break back through to $140 levels.
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 the second major resistance level at $145.71 and the 23.6% FIB of $148.
Failure to move back through the $134.33 pivot level would bring first major support level at $128.87 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $122.95. The 38.2% FIB of $125 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $128.87
Pivot Level: $134.33
First Major Resistance Level: $140.25
23.6% FIB Retracement Level: $148
38.2% FIB Retracement Level: $125
62% FIB Retracement Level: $87