LTC Litecoin Drops Below Multi-Year Triangle Pattern With Targets at $10-$6.6

⬤ Litecoin has officially broken down from a large triangle pattern that held price action for years. After consolidating with lower highs and shrinking volatility, LTC finally dropped below the lower boundary near the $57-$58 zone. Now trading in the mid-$50s, the breakdown confirms what many analysts were watching for—a clear exit from the long-term structure that previously contained price movement.

⬤ The triangle itself guided Litecoin’s behavior through several years of gradual narrowing before resolving downward. Once the ascending support line gave way, sellers took control. Price couldn’t recover back above the broken support, which used to act as a floor during earlier pullbacks. That failure shifted the entire market structure bearish.

⬤ These target zones aren’t random—they line up with historical price areas from previous market cycles and represent where the triangle’s height projects downward from the breakdown point. The bearish case stays valid unless LTC can push back above $113, which would flip the structure and challenge the current negative outlook.

⬤ This breakdown matters beyond just Litecoin holders. As one of the established cryptocurrencies, LTC often serves as a reference point for broader market sentiment. When a multi-year pattern fails this decisively, it tends to ripple through related assets, especially during volatile periods. With price now below long-term support and momentum pointing down, the next moves will show whether this decline extends toward those lower targets or finds stabilization after the initial drop.