Cryptocurrency forecast: Ripple and Ethereum course lose about 0.2%, the market is experiencing growing pains

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The main cryptocurrency Tuesday look quite insecure in the face of new concerns about possible tightening in the regulation of the market.
According Libertex, the rate of Ripple from 12:00 GMT on 19 February decreased by 0.6% and by 12:00 GMT on 20 February amounted to 1.09 per dollar. Litecoin rate for this period grew by 0.7%, to 236,44 dollar. Ethereum during the day, weakened by 0.2% and stands at 12:00 GMT 932,17 dollar. It is possible to note the statement of the Creator of the cryptocurrency Buterin, who translated 100 units to the Ethereum Foundation’s support of the Internet Archive, mastering free access to all knowledge.
At the same time on the Russian currency market also prevail a moderately negative mood. The dollar at 12:00 Moscow time has grown against the ruble on 0,46% – to 56,59 ruble, the Euro by this time was strengthened by 0.09 % to 69,96 ruble for ruble. During the day we can expect further consolidation of the Russian currency to the dollar and the Euro. The expected daily range for the dollar amounts of 55.9-57 rubles, the European currency — 69,4 70.8 ruble.
The RTS index has appreciated by 12:00 GMT on 0,25% – to 1262,13 item, index Mosberg grew by 0.56% to 2267,66 points. It can be expected that during the day the index Mosberg pass to side movement around the level of 2250 points.
In the future days, we can predict a strengthening of the major cryptocurrencies: the Ripple rate is closer to 1.2 per dollar, Litecoin has a chance to grow up to $ 250, and Ethereum will tend to 950 dollars.
According to analysts of the rating Agency S&P Global Ratings (S&P), in the case of the collapse of the market of virtual currencies, it will not harm global financial stability. In turn, among officials in the United States is growing commitment to fight the risks cryptocurrencies pose to investors and the financial system.
However, in Venezuela started selling its cryptocurrency El Petro.
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Ivan Marchena,
Analyst
Forex Club