The post LTC Technical Analysis Feb 23 appeared on BitcoinEthereumNews.com.

Litecoin (LTC) is advancing in a continuous temporary downtrend, with the current price at $51.84 approaching critical supports. RSI at 34 shows the downward momentum slowing, while MACD gives a bullish signal with a positive histogram; however, the overall picture requires a cautious approach. Executive Summary Litecoin is maintaining its downtrend at $51.84 price, trading in the $50.91-$53.63 range with a 3.30% drop in the last 24 hours. While Supertrend gives a bearish signal and price failed to hold above EMA20 ($55.76), RSI at 34.07 is approaching the oversold region; MACD carries slight bullish hope with a positive histogram. Critical support at $51.72 (strength 76/100), resistance at $52.10 (79/100); high risk for altcoins due to BTC correlation. Risk/Reward focus: bullish target $67.34 (low probability), bearish $29.21. Market Structure and Trend Status Current Trend Analysis LTC is moving within an overall downtrend. The Supertrend indicator is in a bearish position and forming a $61.41 resistance level, signaling limited short-term recoveries. Price failed to hold above EMA20 ($55.76), which now reinforces the short-term bearish bias. Multi-timeframe analysis (1D/3D/1W) identifies 11 strong levels: 1D with 1 support/1 resistance, 3D with 2S/2R, 1W with 2S/4R. This indicates structural weakness and dominant resistances. Volume at $145.79M is moderate but decreasing on the downside, confirming seller dominance. Structural Levels Main structural support at $51.7173 (strength score 76/100), below which the $50.91 intraday low comes into play. Resistance at $52.1000 (79/100) as the first hurdle, followed by EMA20 $55.76 and Supertrend $61.41. On the weekly timeframe, 4 resistances (approximately $58-65 range) form structural upper bands. These levels show the market structure is maintaining a bearish lower high/lower low (LH/LL) pattern. Technical Indicators Report Momentum Indicators RSI(14) at 34.07, approaching the oversold region (below 30), signaling seller momentum exhaustion. This increases the chance of a short-term bounce but…

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Filed under: News - @ February 23, 2026 11:24 pm