NewsBTC
Feb 19, 2026
2 0

BEARISH 📉 : Litecoin struggles near support with price down by a third

Litecoin's price has decreased by about a third since January, hitting lows around $45 in February but stabilizing at $53. A technical analysis by Jonathan Carter highlights a descending triangle pattern on the weekly chart, with Litecoin trading near key support levels between $55-$45.

Technical Analysis Highlights

  • Descending triangle structure observed since 2021 peak at $410.
  • Current price near lower border of formation, a critical area attracting buyers.
  • Bulls are attempting to bounce off this support, with increased trading volume.

Litecoin

Potential Bullish Path

  • Recent candlestick patterns suggest seller exhaustion and early trend change.
  • If support holds, key resistance levels at $63, $85, $115, and $140 may be tested.
  • Ultimate bullish target set at $285, below the all-time high of $410 in May 2021.

Litecoin