For the day forward
Litecoin would wish to keep away from a fall by way of the $191.36 pivot degree to help one other run on the first main resistance degree at $205.83.
Help from the broader market could be wanted, nevertheless, for Litecoin to keep away from a fall again to sub-$200 ranges.
Barring an prolonged crypto rally, the primary main resistance degree and as we speak’s new swing hello $209.50 would seemingly cap any upside.
Within the occasion of an prolonged breakout, Litecoin might check resistance at $220 earlier than any pullback. The second main resistance degree sits at $214.46.
Failure to keep away from a fall by way of the $191.36 pivot degree would deliver the primary main help degree at $182.73 into play.
Barring an prolonged sell-off, Litecoin ought to avoid sub-$180 ranges. The second main help degree sits at $168.26.
Trying on the Technical Indicators
First Main Help Degree: $182.73
Pivot Degree: $191.36
First Main Resistance Degree: $205.83
23.6% FIB Retracement Degree: $159
38.2% FIB Retracement Degree: $133
62% FIB Retracement Degree: $92