For the day ahead
Litecoin would need to move through the $227.25 pivot level to support a run at the first major resistance level at $234.24.
Support from the broader market would be needed, however, for Litecoin to break out from Sunday’s high $233.95.
Barring an extended crypto rally, the first major resistance level and resistance at $235 would likely cap any upside.
In the event of an extended breakout, Litecoin could test resistance at $250 before any pullback. The second major resistance level sits at $240.95.
Failure to move through the $227.25 pivot level would bring the first major support level at $220.54 into play.
Barring an extended sell-off, Litecoin should steer clear of sub-$210 levels. The second major support level at $213.55 should limit the downside.
Looking at the Technical Indicators
First Major Support Level: $220.54
Pivot Level: $227.25
First Major Resistance Level: $234.24
23.6% FIB Retracement Level: $191
38.2% FIB Retracement Level: $159
62% FIB Retracement Level: $108