Litecoin 541

Litecoin (LTC) finds itself at a pivotal technical crossroads, stabilizing near $53 after a steep year-to-date decline. The cryptocurrency is testing the lower boundary of a multi-year descending triangle pattern, a support zone that has held firm since August 2020. According to analysis shared by crypto analyst Jonathan Carter, a successful defense of this level could set the stage for a substantial recovery, with a long-term price target of $285. The immediate future hinges on whether buyers can muster enough volume to overcome a series of well-defined resistance levels.