Litecoin (LTC)

Current price: $ 67.78

24 hours price change: $ -2.33 (-3.32%)

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 November 26th, 2021 to May 26th, 2022.

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 11/26/2021 and 05/26/2022.

According to the performance of Litecoin between November 26th, 2021 and May 26th, 2022, Litecoin performed the best on Wednesdays. On average, the price of Litecoin increased 0.20% on Wednesday.

The weekday on which the Litecoin performed the worst, is Friday. On Fridays, the Litecoin declined in value on average by -0.43%.

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 -0.06%. However, the standard deviation on this weekday is 0.69%. This means that on most Sundays, the change in value of the Litecoin is between -0.74% and 0.63%.

Allthough the Litecoin decreases in value with -0.33% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Mondays is 1.00%. This means that the expected change of the value of Litecoin is between -1.33% and 0.67% on 68 out of 100 Mondays.

Litecoin increased in value on an average Tuesday only slightly. The average increase in value of the Litecoin was 0.16%. 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 (0.87%). This means that on 68 percent of the Tuesdays, the change in price of the Litecoin is expected to be in the range of -0.71% and 1.02%.

Litecoin increased in value on an average Wednesday only slightly. The average increase in value of the Litecoin was 0.20%. 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 (1.03%). This means that on 68 percent of the Wednesdays, the change in price of the Litecoin is expected to be in the range of -0.83% and 1.23%.

Litecoin increased in value on an average Thursday only slightly. The average increase in value of the Litecoin was 0.12%. 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 (0.83%). This means that on 68 percent of the Thursdays, the change in price of the Litecoin is expected to be in the range of -0.71% and 0.95%.

Allthough the Litecoin decreases in value with -0.43% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Fridays is 1.13%. This means that the expected change of the value of Litecoin is between -1.56% and 0.70% on 68 out of 100 Fridays.

Litecoin increased in value on an average Saturday only slightly. The average increase in value of the Litecoin was 0.16%. 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 (1.45%). This means that on 68 percent of the Saturdays, the change in price of the Litecoin is expected to be in the range of -1.29% and 1.62%.

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 -0.06% 0.69% -0.74% to 0.63%
Monday -0.33% 1.00% -1.33% to 0.67%
Tuesday 0.16% 0.87% -0.71% to 1.02%
Wednesday 0.20% 1.03% -0.83% to 1.23%
Thursday 0.12% 0.83% -0.71% to 0.95%
Friday -0.43% 1.13% -1.56% to 0.70%
Saturday 0.16% 1.45% -1.29% to 1.62%
 

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