The aim of this article is to explain and categorize the most viable approaches and techniques used in lyrical text analysis. To attain this, numerous types of methods are considered, among which, the formalist, structuralist, biographical, psychoanalytical as well as social and ideological methods. This is accomplished through the investigation and illustration of examples that are taken from lyrical poems of Albanian literature and authors of foreign literature. The collected data is analysed to arrive at the overall findings and conclusions of the study, where the selected poems are used for the theoretical interpretation, primarily focused on the theoretical aspect of the lyrical text analysis and the ways it approaches discourse analysis. In this regard, we can explain it through a variety of questions that are subject to defining the analysis; for example: can the structure of these models be composed, or what is the best way to approach a lyrical text? Consequently, dozens of illustrations and examples are provided as an answer to that inquiry. As a result, there are numerous methods investigated for analysing a lyrical text, as well as different components are found for a more complete and accurate analysis.