Litecoin (LTC)

Current price: $ 74.69

24 hours price change: $ 1.26 (1.72%)

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 December 19th, 2023 to June 19th, 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 12/19/2023 and 06/19/2024.

According to the performance of Litecoin between December 19th, 2023 and June 19th, 2024, Litecoin performed the best on Fridays. On average, the price of Litecoin increased 0.71% on Friday.

The weekday on which the Litecoin performed the worst, is Saturday. On Saturdays, the Litecoin declined in value on average by -0.26%.

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 -0.12%. However, the standard deviation on this weekday is 0.78%. This means that on most Sundays, the change in value of the Litecoin is between -0.90% and 0.67%.

Litecoin increased in value on an average Monday only slightly. The average increase in value of the Litecoin was 0.26%. 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 (1.69%). This means that on 68 percent of the Mondays, the change in price of the Litecoin is expected to be in the range of -1.43% and 1.96%.

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 -0.17%. However, the standard deviation on this weekday is 1.66%. This means that on most Tuesdays, the change in value of the Litecoin is between -1.84% and 1.49%.

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 -0.01%. However, the standard deviation on this weekday is 1.14%. This means that on most Wednesdays, the change in value of the Litecoin is between -1.14% and 1.13%.

On an average Thursday, the Litecoin increased 0.37%. However, since the expected deviation is 1.45%, the Litecoin will decline in value on a Thursday quiet regularly. The expected price change of the Litecoin on a Thursday is between -1.07% and 1.82%.

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 0.71%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Friday is between -2.67% and 4.08% (see also the table below).

It is hard to tell whether the Litecoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Litecoin is -0.26%. However, the standard deviation on this weekday is 1.53%. This means that on most Saturdays, the change in value of the Litecoin is between -1.79% and 1.27%.

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 -0.12% 0.78% -0.90% to 0.67%
Monday 0.26% 1.69% -1.43% to 1.96%
Tuesday -0.17% 1.66% -1.84% to 1.49%
Wednesday -0.01% 1.14% -1.14% to 1.13%
Thursday 0.37% 1.45% -1.07% to 1.82%
Friday 0.71% 3.38% -2.67% to 4.08%
Saturday -0.26% 1.53% -1.79% to 1.27%
 

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: Financial indicators for cryptocurrencies