For the day forward
Litecoin would wish to keep away from a fall by means of the $172 pivot degree to help a run on the first main resistance degree at $181.
Help from the broader market could be wanted, nevertheless, for Litecoin to interrupt out from the morning excessive $177.80.
Barring an prolonged crypto rally, the primary main resistance degree would possible cap any upside.
Within the occasion of an prolonged breakout, Litecoin might take a look at resistance at $190 earlier than any pullback. The second main resistance degree sits at $185.
Failure to keep away from a fall by means of the $172 pivot degree would carry the primary main help degree at $167 into play.
Barring an prolonged sell-off, Litecoin ought to keep away from the second main help degree at $159. The 38.2% FIB of $163 ought to restrict the draw back.
Wanting on the Technical Indicators
First Main Help Degree: $167
Pivot Degree: $172
First Main Resistance Degree: $181
23.6% FIB Retracement Degree: $195
38.2% FIB Retracement Degree: $163
62% FIB Retracement Degree: $110
Tags: Litecoin value