Since your 120-foot run of RG-58 is already split, and there is a lot of loss, even at RR frequencies, I think that replacing it with at least common RG-6 cable would be the first thing I'd do for a low-budget improvement.
What can help is to search for
coax cable loss calculator
where you enter the cable type, frequency, and the length of the run and it will calculate it for you.
For instance, the Times Microwave coax cable loss calculator shows that with 120 feet of RG-58, and at 150 mhz, there is 7db of loss, which means you only have about 20% of your antennas original signal strength at the end of the coax! Switching to common RG-6 only has a total run attenuation of 4.2 db. That's a little more than half - a good improvement over losing 3/4 or more of the energy with your RG-58. Probably even more with damaged/corroded connectors, split jackets that have sucked up moisture, etc.
Only mount the antenna as high as is safe for number 1. You don't want it falling onto electrical lines, nor breaking property or injuring people if it comes down. And the higher you raise it, the more signal loss in the cable you will have.
So nobody can really tell you for sure - you'll have to experiment.
Generally, if I had the option of running only an attic antenna that was SAFE, vs some rickety unsafe mount up high, take the attic option. Run the lowest loss coax you can.