Litecoin (LTC)

Current price: $ 86.46

24 hours price change: $ 1.54 (1.81%)

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 March 24th, 2024 to April 24th, 2024.

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 03/24/2024 and 04/24/2024.

According to the performance of Litecoin between March 24th, 2024 and April 24th, 2024, Litecoin performed the best on Fridays. On average, the price of Litecoin increased 3.96% on Friday.

The weekday on which the Litecoin performed the worst, is Saturday. On Saturdays, the Litecoin declined in value on average by -1.41%.

Litecoin weekday performance

Historical performance on Sunday do not show an increase in value of the Litecoin on which a prediction can be made. The Litecoin increased in value on average on an average Sunday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Sunday is between -0.27% and 1.62% (see also the table below).

Litecoin increased in value on an average Monday only slightly. The average increase in value of the Litecoin was 0.17%. 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 (0.47%). This means that on 68 percent of the Mondays, the change in price of the Litecoin is expected to be in the range of -0.30% and 0.63%.

On an average Tuesday the Litecoin shows an increase in value of 1.13%. However, the change of Litecoin on most of the Tuesdays is between -1.14% and 3.41%. Therefore it is hard to tell whether an average Tuesday is a good day to start buying Litecoins.

Allthough the Litecoin decreases in value with -0.48% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Wednesdays is 0.93%. This means that the expected change of the value of Litecoin is between -1.41% and 0.46% on 68 out of 100 Wednesdays.

Litecoin increased in value on an average Thursday only slightly. The average increase in value of the Litecoin was 0.15%. 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 (0.30%). This means that on 68 percent of the Thursdays, the change in price of the Litecoin is expected to be in the range of -0.15% and 0.45%.

The increase in value of the Litecoin is 3.96% on an average Friday. However, the uncertainty on the average change is high for the Litecoin on Fridays. This is the reason why an expected increase of the Litecoin on an average Friday cannot be predicted. The standard deviation for Litecoin on Fridays is high, namely 6.88%. This means that the expected range of value change for the Litecoin is -2.92% and 10.83% on 68% of the Fridays.

The Litecoin declines in value on an average Saturday with -1.41%. However, the uncertainty (or standard deviation) is quite large, namely 2.46%. This means that it is not possible to say whether on a regular Saturday the Litecoin will increase or decrease in value.

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 0.68% 0.95% -0.27% to 1.62%
Monday 0.17% 0.47% -0.30% to 0.63%
Tuesday 1.13% 2.28% -1.14% to 3.41%
Wednesday -0.48% 0.93% -1.41% to 0.46%
Thursday 0.15% 0.30% -0.15% to 0.45%
Friday 3.96% 6.88% -2.92% to 10.83%
Saturday -1.41% 2.46% -3.87% to 1.05%
 

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