Loopring (LRC)

Current price: $ 2.66

24 hours price change: $ -0.14 (-5.14%)

Daily analysis of Loopring (LRC) - 1 month

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 1 month, starting on November 2nd, 2021 to December 2nd, 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 11/02/2021 and 12/02/2021.

According to the performance of Loopring between November 2nd, 2021 and December 2nd, 2021, Loopring performed the best on Fridays. On average, the price of Loopring increased 6.51% on Friday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -3.53%.

Loopring weekday performance

On Sundays, the Loopring decreases in value on average with -0.98%. On most of the Sundays the Loopring decreases in value between -3.88% and 1.93%. The uncertainty (2.90%) is higher than the average decline percentage (-0.98%). Therefore, expected range of price changes of the Loopring on Sundays is large.

On an average Monday the Loopring shows an increase in value of 1.45%. However, the change of Loopring on most of the Mondays is between -0.66% and 3.56%. Therefore it is hard to tell whether an average Monday is a good day to start buying Looprings.

The decrease in value of the Loopring is -3.53% on an average Tuesday. The uncertainty of the average change is high for the Loopring on Tuesdays. This means that it is hard to tell whether the Loopring will decrease or increase in value on an average Tuesday. If we look at the 68% range of the Loopring, we see that on 68% of the Tuesdays, the expected change of the Loopring is between -6.77% and -0.29%.

The Loopring declines in value on an average Wednesday with -1.21%. However, the uncertainty (or standard deviation) is quite large, namely 3.67%. This means that it is not possible to say whether on a regular Wednesday the Loopring will increase or decrease in value.

The Loopring declines in value on an average Thursday with -2.14%. However, the uncertainty (or standard deviation) is quite large, namely 5.69%. This means that it is not possible to say whether on a regular Thursday the Loopring will increase or decrease in value.

The increase in value of the Loopring is 6.51% on an average Friday. However, the uncertainty on the average change is high for the Loopring on Fridays. This is the reason why an expected increase of the Loopring on an average Friday cannot be predicted. The standard deviation for Loopring on Fridays is high, namely 8.54%. This means that the expected range of value change for the Loopring is -2.03% and 15.04% on 68% of the Fridays.

The Loopring declines in value on an average Saturday with -1.27%. However, the uncertainty (or standard deviation) is quite large, namely 2.57%. This means that it is not possible to say whether on a regular Saturday the Loopring will increase or decrease in value.

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 -0.98% 2.90% -3.88% to 1.93%
Monday 1.45% 2.11% -0.66% to 3.56%
Tuesday -3.53% 3.24% -6.77% to -0.29%
Wednesday -1.21% 3.67% -4.88% to 2.46%
Thursday -2.14% 5.69% -7.83% to 3.54%
Friday 6.51% 8.54% -2.03% to 15.04%
Saturday -1.27% 2.57% -3.84% to 1.29%
 

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