Loopring (LRC)

Current price: $ 0.03

24 hours price change: $ -0.000081 (-0.27%)

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 September 22nd, 2019 to October 22nd, 2019.

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 09/22/2019 and 10/22/2019.

According to the performance of Loopring between September 22nd, 2019 and October 22nd, 2019, Loopring performed the best on Mondays. On average, the price of Loopring increased 1.30% on Monday.

The weekday on which the Loopring performed the worst, is Sunday. On Sundays, the Loopring declined in value on average by -0.28%.

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 -0.28%. However, the standard deviation on this weekday is 0.44%. This means that on most Sundays, the change in value of the Loopring is between -0.72% and 0.16%.

On an average Monday the Loopring shows an increase in value of 1.30%. However, the change of Loopring on most of the Mondays is between -1.29% and 3.89%. Therefore it is hard to tell whether an average Monday is a good day to start buying Looprings.

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 -0.25%. However, the standard deviation on this weekday is 0.85%. This means that on most Tuesdays, the change in value of the Loopring is between -1.10% and 0.59%.

The expected range of change of the Loopring for an average Wednesday is between 0.18% and 1.21%. This is the result of an average increase in value of 0.70% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

It is hard to tell whether the Loopring will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loopring is -0.18%. However, the standard deviation on this weekday is 0.87%. This means that on most Thursdays, the change in value of the Loopring is between -1.05% and 0.68%.

Loopring increased in value on an average Friday only slightly. The average increase in value of the Loopring was 0.06%. 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 (0.14%). This means that on 68 percent of the Fridays, the change in price of the Loopring is expected to be in the range of -0.08% and 0.19%.

The average increase of the Loopring on an average Saturday is 0.53%. This is a small increase, however, the expected change of the Loopring in 95% of the Saturdays is -0.52% and 1.58%. This means that only on 2.5% (or slightly over 1 Saturday per year) the expected change of the Loopring is below -0.52%. On the other hand, you would not have to expect that the change on a single Saturday will be above 1.58%. This will also only happen on 2.5% of the Saturdays. On 68% of the Saturdays, the increase of the Loopring will be in the range of 0.01% and 1.05%.

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 -0.28% 0.44% -0.72% to 0.16%
Monday 1.30% 2.59% -1.29% to 3.89%
Tuesday -0.25% 0.85% -1.10% to 0.59%
Wednesday 0.70% 0.51% 0.18% to 1.21%
Thursday -0.18% 0.87% -1.05% to 0.68%
Friday 0.06% 0.14% -0.08% to 0.19%
Saturday 0.53% 0.52% 0.01% to 1.05%