Litecoin appears increasingly bearish as the new trading week opens as the fifth-largest cryptocurrency languishes towards the $50.00 level. The LTCUSD pair is set for another month of losses, leaving the risk of a possible decline back towards the $36.00 level. Overall, bulls need to move the LTCUSD pair above the $65.00 level or the cryptocurrency could see start to settle below the $50.00 level.
If the LTCUSD pair trades above the $50.00 level, key resistance is found at the $65.00 and $73.50 levels. If the LTCUSD pair trades below the $50.00 level, key support is found at the $44.00 and $36.00 levels.