Litecoin remains vulnerable to further downside on the cryptocurrency market as buyers struggle to reclaim the $50.00 resistance level. The LTCUSD pair still has the potential to fall towards the $36.00 level before medium-term buyers start to move. A sustained rally above the $50.00 level could see the LTCUSD pair testing back towards the technically important $57.00 resistance level.
If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $57.00 and $66.00 levels.
If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.
