Litecoin has had a rough start to the year, slipping roughly a third from its January open and briefly testing the mid-$40s in early February. After that sell-off, price action has calmed—LTC is now stabilizing near $53—but the bigger technical picture still demands attention.
Analyst Jonathan Carter on X highlights a long-running descending triangle on Litecoin’s weekly chart that’s now being tested at its lower boundary. Since peaking around $410 in May 2021, LTC’s rallies have been repeatedly capped by a downward-sloping resistance line, creating a multi-year compression. Today the coin is trading close to the triangle’s floor in the $45–$55 zone—a region that has reliably attracted buyers and has not been breached since August 2020.
Carter notes bulls appear to be defending that base: recent weekly price action produced reversal signals (including a doji and a follow-up reversal candle after five consecutive weekly red closes), and trading volume has begun picking up. If that support holds, it could mark the early stages of a trend change and pave the way for a multi-step recovery.
Key upside checkpoints to watch, per the technical outlook:
- $63 — a short-term pivot that could flip weekly momentum bullish if cleared
- $85 — the next resistance that could check the advance
- $115 and ~$140 — mid-range targets, with $140 representing the 2025 swing high
- $180 — a higher intermediate target
- $285 — the analyst’s ultimate target on this bullish path
A successful climb through these levels would represent a return toward price territory not seen since the 2021–2022 cycle. Still, even $285 sits well below Litecoin’s all-time high of $410 (May 2021), so any sustained bullish reversal will require conviction from buyers and confirmations on higher timeframes. For now, the market’s reaction around the $45–$55 triangle floor is the chart’s defining moment.
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