Foreign media analysis: Litecoin may test the $70 mark after a falling triangle break

According to analyst analysis by AMBCrypto on September 12, Litecoin is in a sharp decline triangle as prices continue to fall. If the price breaks above, it will test the points of $72.8, $71.1 and $70. After the last price break of $70, the RSI has been in a downward trend. At present, the RSI vote is 35.52, which is far from the high point of 78.55 on September 7 and enters the “overbought zone”. It is worth noting that the price on September 8th has risen to $71, while the RSI has not increased. The indicator forms a downward parallel channel. After the market breaks through the triangle shape, it will test 70 dollars for the first time.