Litecoin (LTC)

Current price: $ 29.11

24 hours price change: $ 0.96 (3.41%)

Daily analysis of Litecoin (LTC) - 6 months

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 6 months, starting on June 18th, 2018 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 06/18/2018 and 12/17/2018.

According to the performance of Litecoin between June 18th, 2018 and December 17th, 2018, Litecoin performed the best on Saturdays. On average, the price of Litecoin increased 0.49% on Saturday.

The weekday on which the Litecoin performed the worst, is Thursday. On Thursdays, the Litecoin declined in value on average by -0.85%.

Litecoin weekday performance

Litecoin increased in value on an average Sunday 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 (1.97%). This means that on 68 percent of the Sundays, the change in price of the Litecoin is expected to be in the range of -1.80% and 2.14%.

On an average Monday, the Litecoin increased 0.46%. However, since the expected deviation is 1.89%, the Litecoin will decline in value on a Monday quiet regularly. The expected price change of the Litecoin on a Monday is between -1.43% and 2.35%.

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 -0.11%. However, the standard deviation on this weekday is 2.73%. This means that on most Tuesdays, the change in value of the Litecoin is between -2.84% and 2.61%.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Litecoin is -0.08%. However, the standard deviation on this weekday is 2.03%. This means that on most Wednesdays, the change in value of the Litecoin is between -2.11% and 1.96%.

On Thursdays, the Litecoin decreases in value on average with -0.85%. On most of the Thursdays the Litecoin decreases in value between -2.64% and 0.94%. The uncertainty (1.79%) is higher than the average decline percentage (-0.85%). Therefore, expected range of price changes of the Litecoin on Thursdays is large.

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 -0.03%. However, the standard deviation on this weekday is 3.16%. This means that on most Fridays, the change in value of the Litecoin is between -3.19% and 3.13%.

On an average Saturday, the Litecoin increased 0.49%. However, since the expected deviation is 1.31%, the Litecoin will decline in value on a Saturday quiet regularly. The expected price change of the Litecoin on a Saturday is between -0.82% and 1.81%.

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
Sunday0.17%1.97%-1.80% to 2.14%
Monday0.46%1.89%-1.43% to 2.35%
Tuesday-0.11%2.73%-2.84% to 2.61%
Wednesday-0.08%2.03%-2.11% to 1.96%
Thursday-0.85%1.79%-2.64% to 0.94%
Friday-0.03%3.16%-3.19% to 3.13%
Saturday0.49%1.31%-0.82% to 1.81%