The cryptocurrency market is facing significant headwinds in early February 2026, with established assets like Litecoin (LTC) and Avalanche (AVAX) battling to hold crucial support levels amidst a broader market retreat. Meanwhile, a new project, Zero Knowledge Proof (ZKP), is generating buzz with its auction-based presale model and ambitious growth forecasts.
Litecoin's price is fluctuating between $50 and $54, leaning on a long-term support floor that has historically held through multiple cycles. Despite trading below its primary moving averages on weekly charts, on-chain data suggests whale accumulation at these levels. The recent launch of Litecoin perpetual futures on OKX has provided additional liquidity. Analysts note that a market reversal could see LTC target resistance at $131, $188, or even $271.
Avalanche has seen a sharp correction, trading near $9 after hitting a low of $8.9. This drop coincided with a 7.01% decline in the total crypto market cap on February 5th. The asset is deeply oversold, with a 14-day RSI of 26.99, and is trading well below its 30-day simple moving average of $12.44. The $9.53 level is now a critical support zone. Despite the price volatility, the network's progress in asset tokenization and real-world infrastructure is noted as a long-term value proposition.
In stark contrast, the ZKP project is executing a 17-stage presale auction built on a "Planned Scarcity" model. Currently in Stage 2, 190 million tokens are available daily until February 18th. With each subsequent stage, the daily token allocation decreases; by Stage 17, only 40 million tokens will be released daily, representing an em>80% total reduction from Stage 1. The project aims to address AI privacy gaps by using zero-knowledge cryptography to allow data processing without exposing the underlying information. This combination of purported utility and a deflationary supply mechanism is why some analysts are projecting 600x growth potential. The presale process is conducted on-chain, with participants contributing assets like ETH or USDC to receive a proportional share of the daily token pool.
