For the day ahead
Litecoin would need to avoid a fall through the $171.81 pivot level to support a run at the first major resistance level at $181.39.
Support from the broader market would be needed, however, for Litecoin to break back through to $180 levels.
Barring an extended crypto rally, the first major resistance level and Friday’s high $182.90 would likely cap any upside.
In the event of an extended breakout, Litecoin could test the second major resistance level at $192.48 and 23.6% FIB of $195.
Failure to avoid a fall through the $171.81 pivot level would bring the 38.2% FIB of $163 and the first major support level at $160.72 into play.
Barring another extended sell-off, Litecoin should steer clear of the second major support level at $151.14.
Looking at the Technical Indicators
First Major Support Level: $160.72
Pivot Level: $171.81
First Major Resistance Level: $181.39
23.6% FIB Retracement Level: $195
38.2% FIB Retracement Level: $163
62% FIB Retracement Level: $110
A late move back through to $0.42 levels reduced the deficit on the day.