Litecoin (LTC)

Current price: $ 145.03

24 hours price change: $ -3.78 (-2.54%)

Daily analysis of Litecoin (LTC) - 1 month

The performance of Litecoin regarding the price differs every day. To make the best decision to buy Litecoin, we are analysis in this article the performance of Litecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on August 28th, 2021 to September 28th, 2021.

In the barchart below, the weekdays and average performance of Litecoin are shown side by side.

Average daily change in price of Litecoin per weekday between 08/28/2021 and 09/28/2021.

According to the performance of Litecoin between August 28th, 2021 and September 28th, 2021, Litecoin performed the best on Tuesdays. On average, the price of Litecoin increased 0.51% on Tuesday.

The weekday on which the Litecoin performed the worst, is Monday. On Mondays, the Litecoin declined in value on average by -0.81%.

Litecoin weekday performance

Litecoin increased in value on an average Sunday only slightly. The average increase in value of the Litecoin was 0.02%. Allthough the Litecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.04%). This means that on 68 percent of the Sundays, the change in price of the Litecoin is expected to be in the range of -0.02% and 0.07%.

On Mondays, the Litecoin decreases in value on average with -0.81%. On most of the Mondays the Litecoin decreases in value between -2.42% and 0.81%. The uncertainty (1.62%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Litecoin on Mondays is large.

On an average Tuesday, the Litecoin increased 0.51%. However, since the expected deviation is 1.03%, the Litecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Litecoin on a Tuesday is between -0.53% and 1.54%.

The Litecoin will almost not change or only slightly increase in value on an average Wednesday. The average change of the Litecoin on Wednesdays is 0.04%. The standard deviation of the Litecoin is 0.03%, which means that in 68% of the Wednesdays, the range of the change of the Litecoin is 0.01% and 0.07%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Litecoin increased in value on an average Thursday only slightly. The average increase in value of the Litecoin was 0.00%. Allthough the Litecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.02%). This means that on 68 percent of the Thursdays, the change in price of the Litecoin is expected to be in the range of -0.02% and 0.03%.

The Litecoin will almost not change or only slightly increase in value on an average Friday. The average change of the Litecoin on Fridays is 0.02%. The standard deviation of the Litecoin is 0.02%, which means that in 68% of the Fridays, the range of the change of the Litecoin is 0.00% and 0.03%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

Litecoin increased in value on an average Saturday only slightly. The average increase in value of the Litecoin was 0.01%. Allthough the Litecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.01%). This means that on 68 percent of the Saturdays, the change in price of the Litecoin is expected to be in the range of -0.01% and 0.02%.

Litecoin weekday performance details

Find below the details of the performance of Litecoin per day of the week. Both the average change in percentage and the standard deviation. The higher the standard deviation is, the higher the variation within the range of average change. Therefore, the 68% range has been added, which represents the change in price on 68% of the days.

Weekday Average change (%) Standard deviation (%) 68% range
Sunday 0.02% 0.04% -0.02% to 0.07%
Monday -0.81% 1.62% -2.42% to 0.81%
Tuesday 0.51% 1.03% -0.53% to 1.54%
Wednesday 0.04% 0.03% 0.01% to 0.07%
Thursday 0.00% 0.02% -0.02% to 0.03%
Friday 0.02% 0.02% 0.00% to 0.03%
Saturday 0.01% 0.01% -0.01% to 0.02%
 

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