The main cryptocurrency grows up Monday, taking a temporary respite

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The main cryptocurrency grows up Monday, taking a temporary respite after a significant drop the previous day, but she is likely to be short-lived, as the downtrend has been formed.
According Libertex, the exchange rate of Litecoin:16: 00 GMT April 1, rose by 3.43% and by 16:00 GMT on 2 April amounted to 119.4 dollar in market capitalization of 6.7 billion dollars. Ethereum per day has strengthened its position by 2.79% and is at 16.00 GMT 386,9 USD. Capitalization Ethereum – 38.4 billion dollars. Course Ripple rose this time by 2.04% to 0.49 per dollar in the capitalization of 19.6 billion dollars. The market capitalization of cryptocurrencies at 16:00 MSK amounted to 263,6 billion.
The good news for the market was the news that the Russian government is going to reduce and simplify existing laws concerning the regulation of cryptocurrencies and the blockchain. However, a negative for the market was news that Thailand officially approved the double taxation of cryptocurrencies.
In the short term we can predict the transition of the main cryptocurrency to decline, as the downward trend in the market has already formed, and the current respite is only temporary. Rate Ripple will move below the 0.5 dollar, Litecoin is below $ 120, and Ethereum will be at $ 380.
Major stock exchanges in Asia Monday closed trading mixed on news of the introduction of China’s trade tariffs on goods from the United States. Market participants also reacted negatively to the weak statistics on business activity in China and Japan.
On Monday the stock and commodity trades in Europe are not held due to the celebration of Easter. However, the price of oil fluctuates at a mark of 69.4 per barrel of Brent crude because of uncertainty about the prospects for a nuclear agreement with Iran. Also the increase in oil prices contribute information about the decrease in the number of drilling rigs operating in the United States.
The U.S. indices are in negative territory and trades on the us stock market will probably open lower.
Ivan Marchena,
GK Forex Club