Can Litecoin Price Bounce To $285? This Trend Maps Out 5 Major Levels

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 source: https://www.newsbtc.com/news/litecoin/can-litecoin-bounce-to-285/