Litecoin (LTC)

Current price: $ 137.28

24 hours price change: $ 137.28 (inf%)

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 December 21st, 2020 to January 17th, 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 12/21/2020 and 01/17/2021.

According to the performance of Litecoin between December 21st, 2020 and January 17th, 2021, Litecoin performed the best on Saturdays. On average, the price of Litecoin increased 0.99% on Saturday.

The weekday on which the Litecoin performed the worst, is Monday. On Mondays, the Litecoin declined in value on average by -1.24%.

Litecoin weekday performance

It is hard to tell whether the Litecoin will increase or decrease in value on an average Sunday. The average change on a Sunday for the Litecoin is -0.24%. However, the standard deviation on this weekday is 1.66%. This means that on most Sundays, the change in value of the Litecoin is between -1.90% and 1.42%.

The Litecoin declines in value on an average Monday with -1.24%. However, the uncertainty (or standard deviation) is quite large, namely 1.90%. This means that it is not possible to say whether on a regular Monday the Litecoin will increase or decrease in value.

Allthough the Litecoin decreases in value with -0.53% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Tuesdays is 3.19%. This means that the expected change of the value of Litecoin is between -3.73% and 2.66% on 68 out of 100 Tuesdays.

The Litecoin declines in value on an average Wednesday with -1.17%. However, the uncertainty (or standard deviation) is quite large, namely 1.97%. This means that it is not possible to say whether on a regular Wednesday the Litecoin will increase or decrease in value.

On Thursdays, the Litecoin decreases in value on average with -0.65%. On most of the Thursdays the Litecoin decreases in value between -1.74% and 0.44%. The uncertainty (1.09%) is higher than the average decline percentage (-0.65%). Therefore, expected range of price changes of the Litecoin on Thursdays is large.

On Fridays, the Litecoin decreases in value on average with -0.61%. On most of the Fridays the Litecoin decreases in value between -1.44% and 0.22%. The uncertainty (0.83%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Litecoin on Fridays is large.

The expected range of change of the Litecoin for an average Saturday is between 0.36% and 1.62%. This is the result of an average increase in value of 0.99% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 -0.24% 1.66% -1.90% to 1.42%
Monday -1.24% 1.90% -3.15% to 0.66%
Tuesday -0.53% 3.19% -3.73% to 2.66%
Wednesday -1.17% 1.97% -3.13% to 0.80%
Thursday -0.65% 1.09% -1.74% to 0.44%
Friday -0.61% 0.83% -1.44% to 0.22%
Saturday 0.99% 0.63% 0.36% to 1.62%
 

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