Litecoin has fallen nearly one-third from its January open and recently dipped to around $45 before stabilising near $53, as traders watch a long-term descending triangle pattern on the weekly chart.
According to analysis shared by crypto analyst Jonathan Carter, Litecoin is testing the lower boundary of a multi-year descending triangle, with support in the $55–$45 range that has held since August 2020.
The pattern shows lower highs since the 2021 peak at $410, forming a compression structure where a decisive bounce or breakdown could determine the next major trend.
Recent weekly candlesticks include a doji-style reversal after five consecutive red weeks, which may suggest seller exhaustion if follow-through buying continues.
If support holds, the first resistance checkpoint is around $63, followed by $85, levels that previously acted as pivot zones in 2025.
Further upside targets include $115 and the 2025 swing high near $140, with an extended bullish scenario projecting $180 and ultimately $285.
Even if price reaches $285, it would remain below Litecoin’s all-time high of $410 recorded in May 2021, meaning the broader recovery would still be partial relative to prior cycle peaks.
At the time of reporting, Litecoin price was $53.05.