Litecoin (LTC)

Current price: $ 76.17

24 hours price change: $ 2.41 (3.27%)

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 July 18th, 2019 to August 17th, 2019.

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 07/18/2019 and 08/17/2019.

According to the performance of Litecoin between July 18th, 2019 and August 17th, 2019, Litecoin performed the best on Mondays. On average, the price of Litecoin increased 0.20% on Monday.

The weekday on which the Litecoin performed the worst, is Sunday. On Sundays, the Litecoin declined in value on average by -0.34%.

Litecoin weekday performance

Allthough the Litecoin decreases in value with -0.34% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Sundays is 0.14%. This means that the expected change of the value of Litecoin is between -0.47% and -0.20% on 68 out of 100 Sundays.

The Litecoin will almost not change or only slightly increase in value on an average Monday. The average change of the Litecoin on Mondays is 0.20%. The standard deviation of the Litecoin is 0.09%, which means that in 68% of the Mondays, the range of the change of the Litecoin is 0.10% and 0.29%. The uncertainty (or variablility) of the expected daily result is low, because the standard deviation is low.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Litecoin is -0.13%. However, the standard deviation on this weekday is 0.13%. This means that on most Tuesdays, the change in value of the Litecoin is between -0.27% and 0.00%.

Litecoin increased in value on an average Wednesday only slightly. The average increase in value of the Litecoin was 0.06%. 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 (0.52%). This means that on 68 percent of the Wednesdays, the change in price of the Litecoin is expected to be in the range of -0.46% and 0.58%.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Thursday. The average change on a Thursday for the Litecoin is -0.06%. However, the standard deviation on this weekday is 0.17%. This means that on most Thursdays, the change in value of the Litecoin is between -0.23% and 0.10%.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Litecoin is -0.05%. However, the standard deviation on this weekday is 0.18%. This means that on most Fridays, the change in value of the Litecoin is between -0.23% and 0.13%.

Litecoin increased in value on an average Saturday only slightly. The average increase in value of the Litecoin was 0.19%. 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 (0.25%). This means that on 68 percent of the Saturdays, the change in price of the Litecoin is expected to be in the range of -0.06% and 0.44%.

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 -0.34% 0.14% -0.47% to -0.20%
Monday 0.20% 0.09% 0.10% to 0.29%
Tuesday -0.13% 0.13% -0.27% to 0.00%
Wednesday 0.06% 0.52% -0.46% to 0.58%
Thursday -0.06% 0.17% -0.23% to 0.10%
Friday -0.05% 0.18% -0.23% to 0.13%
Saturday 0.19% 0.25% -0.06% to 0.44%