Litecoin (LTC)

Current price: $ 29.09

24 hours price change: $ 0.94 (3.34%)

Daily analysis of Litecoin (LTC) - 1 year

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 year, starting on December 18th, 2017 to December 17th, 2018.

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 12/18/2017 and 12/17/2018.

According to the performance of Litecoin between December 18th, 2017 and December 17th, 2018, Litecoin performed the best on Fridays. On average, the price of Litecoin increased 0.68% on Friday.

The weekday on which the Litecoin performed the worst, is Wednesday. On Wednesdays, the Litecoin declined in value on average by -0.68%.

Litecoin weekday performance

Allthough the Litecoin decreases in value with -0.45% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Sundays is 3.41%. This means that the expected change of the value of Litecoin is between -3.87% and 2.96% on 68 out of 100 Sundays.

Allthough the Litecoin decreases in value with -0.53% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Mondays is 4.41%. This means that the expected change of the value of Litecoin is between -4.94% and 3.88% on 68 out of 100 Mondays.

Allthough the Litecoin decreases in value with -0.35% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Tuesdays is 4.80%. This means that the expected change of the value of Litecoin is between -5.16% and 4.45% on 68 out of 100 Tuesdays.

On Wednesdays, the Litecoin decreases in value on average with -0.68%. On most of the Wednesdays the Litecoin decreases in value between -6.88% and 5.52%. The uncertainty (6.20%) is higher than the average decline percentage (-0.68%). Therefore, expected range of price changes of the Litecoin on Wednesdays is large.

Allthough the Litecoin decreases in value with -0.55% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Thursdays is 4.67%. This means that the expected change of the value of Litecoin is between -5.21% and 4.12% on 68 out of 100 Thursdays.

Historical performance on Friday 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 Friday with 0.68%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Friday is between -4.21% and 5.57% (see also the table below).

On an average Saturday, the Litecoin increased 0.42%. However, since the expected deviation is 4.36%, the Litecoin will decline in value on a Saturday quiet regularly. The expected price change of the Litecoin on a Saturday is between -3.94% and 4.78%.

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.

WeekdayAverage change (%)Standard deviation (%)68% range
Sunday-0.45%3.41%-3.87% to 2.96%
Monday-0.53%4.41%-4.94% to 3.88%
Tuesday-0.35%4.80%-5.16% to 4.45%
Wednesday-0.68%6.20%-6.88% to 5.52%
Thursday-0.55%4.67%-5.21% to 4.12%
Friday0.68%4.89%-4.21% to 5.57%
Saturday0.42%4.36%-3.94% to 4.78%