Loopring (LRC)

Current price: $ 2.94

24 hours price change: $ -0.53 (-15.37%)

Daily analysis of Loopring (LRC) - all

The performance of Loopring regarding the price differs every day. To make the best decision to buy Loopring, we are analysis in this article the performance of Loopring on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last years, starting on September 6th, 2017 to November 27th, 2021.

In the barchart below, the weekdays and average performance of Loopring are shown side by side.

Average daily change in price of Loopring per weekday between 09/06/2017 and 11/27/2021.

According to the performance of Loopring between September 6th, 2017 and November 27th, 2021, Loopring performed the best on Fridays. On average, the price of Loopring increased 0.92% on Friday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -0.26%.

Loopring weekday performance

It is hard to tell whether the Loopring will increase or decrease in value on an average Sunday. The average change on a Sunday for the Loopring is -0.20%. However, the standard deviation on this weekday is 5.68%. This means that on most Sundays, the change in value of the Loopring is between -5.88% and 5.47%.

Loopring increased in value on an average Monday only slightly. The average increase in value of the Loopring was 0.07%. Allthough the Loopring closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.29%). This means that on 68 percent of the Mondays, the change in price of the Loopring is expected to be in the range of -7.22% and 7.37%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loopring is -0.26%. However, the standard deviation on this weekday is 6.06%. This means that on most Tuesdays, the change in value of the Loopring is between -6.32% and 5.80%.

Loopring increased in value on an average Wednesday only slightly. The average increase in value of the Loopring was 0.09%. Allthough the Loopring closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (7.14%). This means that on 68 percent of the Wednesdays, the change in price of the Loopring is expected to be in the range of -7.05% and 7.23%.

Historical performance on Thursday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Thursday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Thursday is between -6.91% and 8.70% (see also the table below).

Historical performance on Friday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Friday with 0.92%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Friday is between -5.10% and 6.94% (see also the table below).

It is hard to tell whether the Loopring will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loopring is -0.02%. However, the standard deviation on this weekday is 6.33%. This means that on most Saturdays, the change in value of the Loopring is between -6.35% and 6.31%.

Loopring weekday performance details

Find below the details of the performance of Loopring 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 -0.20% 5.68% -5.88% to 5.47%
Monday 0.07% 7.29% -7.22% to 7.37%
Tuesday -0.26% 6.06% -6.32% to 5.80%
Wednesday 0.09% 7.14% -7.05% to 7.23%
Thursday 0.90% 7.81% -6.91% to 8.70%
Friday 0.92% 6.02% -5.10% to 6.94%
Saturday -0.02% 6.33% -6.35% to 6.31%
 

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