Litecoin remains vulnerable to further losses after the cryptocurrency broke major weekly support around the $57.00 level. Going forward, LTCUSD buyers need to defend the $50.00 level to avoid a potential decline towards the $36.00 support level. Overall, a move back above the $80.00 resistance level is needed to confirm the end of the recent downtrend in the LTCUSD pair.
• If the LTCUSD pair trades below the $57.00 level, key support is found at the $66.50 and $80.00 levels. • If the LTCUSD pair trades above the $57.00 level, key resistance is found at the $50.00 and $36.00 levels.