Litecoin has lost recent upside momentum after the fifth-largest cryptocurrency was rejected from just below the $60.00 resistance level. The recent rejection puts the $50.00 support level in focus, which is a key trigger level this month. A loss of the $50.00 level could spark a major decline towards the $36.00 support level.
If the LTCUSD pair trades above the $60.00 level, key resistance is found at the $66.00 and $73.50 levels.
If the LTCUSD pair trades below the $60.00 level, key support is found at the $50.00 and $36.00 levels.
