Litecoin has erased its strong monthly gains, with the fifth-largest cryptocurrency by market capitalization sliding lower alongside the broader market. Further losses under the $50.00 level could prompt the LTCUSD pair to fall towards the $44.00 level. Overall, heavy weakness should be expected while the cryptocurrency fails to move away from the $65.00 support level.
If the LTCUSD pair trades above the $65.00 level, key resistance is found at the $70.00 and $73.50 levels.
If the LTCUSD pair trades below the $65.00 level, key support is found at the $50.00 and $44.00 levels.
