The post Can Litecoin Price Bounce To $285? This Trend Maps Out 5 Major Levels appeared on BitcoinEthereumNews.com.

Since the start of the year, Litecoin’s price has fallen by almost a third of its January open, tumbling massively and briefly trading around $45 in early February. The prolonged pullback has kept sentiment quiet, but Litecoin’s price is now back to stabilizing around $53. A recent technical analysis shared on X by crypto analyst Jonathan Carter shows that a triangle support defense is currently playing out for Litecoin. Technical analysis of Litecoin’s price chart shows a descending triangle that has been developing for several years on the weekly timeframe. Right now, Litecoin is trading close to the triangle support, and the reaction at this support will determine whether Litecoin could launch to $285. Descending Triangle Support Faces Major Test The weekly chart shows Litecoin locked inside a large descending triangle structure, with a downward-sloping resistance trendline that has rejected rallies since its 2021 peak at $410. Each subsequent rally has printed lower highs, and this has led to a long-term compression pattern. Now, the price is sitting near the lower border of the formation, around $55-$45. This area is important because it has always attracted buyers, and Litecoin has never traded below this level since August 2020.  Carter noted that Litecoin is attempting to bounce from this lower border, with bulls stepping in as trading volume begins to increase.If this level continues to hold, it would strengthen the case that there is a return to bullish momentum. The Five Major Levels On The Path Higher The bullish outlook is that Litecoin is about to keep trending upwards after recently bouncing on the support. The most recent weekly candlesticks have been a reversal in nature, with a doji candlestick with last week’s candle, which is a reversal candlestick. That formation came after five consecutive weekly red closes, and this makes…

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Filed under: News - @ February 19, 2026 9:24 pm