Loopring (LRC)

Current price: $ 0.62

24 hours price change: $ 0.13 (25.92%)

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 April 23rd, 2022 to May 23rd, 2022.

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 04/23/2022 and 05/23/2022.

According to the performance of Loopring between April 23rd, 2022 and May 23rd, 2022, Loopring performed the best on Tuesdays. On average, the price of Loopring increased 1.14% on Tuesday.

The weekday on which the Loopring performed the worst, is Saturday. On Saturdays, the Loopring declined in value on average by -2.57%.

Loopring weekday performance

Loopring increased in value on an average Sunday 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 (0.11%). This means that on 68 percent of the Sundays, the change in price of the Loopring is expected to be in the range of -0.04% and 0.18%.

On Mondays, the Loopring decreases in value on average with -0.75%. On most of the Mondays the Loopring decreases in value between -2.29% and 0.80%. The uncertainty (1.55%) is higher than the average decline percentage (-0.75%). Therefore, expected range of price changes of the Loopring on Mondays is large.

On an average Tuesday the Loopring shows an increase in value of 1.14%. However, the change of Loopring on most of the Tuesdays is between -0.35% and 2.63%. Therefore it is hard to tell whether an average Tuesday 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 Wednesday. The average change on a Wednesday for the Loopring is -0.16%. However, the standard deviation on this weekday is 0.13%. This means that on most Wednesdays, the change in value of the Loopring is between -0.29% and -0.02%.

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 -0.11%. However, the standard deviation on this weekday is 1.12%. This means that on most Thursdays, the change in value of the Loopring is between -1.22% and 1.01%.

On Fridays, the Loopring decreases in value on average with -0.84%. On most of the Fridays the Loopring decreases in value between -4.33% and 2.66%. The uncertainty (3.49%) is higher than the average decline percentage (-0.84%). Therefore, expected range of price changes of the Loopring on Fridays is large.

The Loopring declines in value on an average Saturday with -2.57%. However, the uncertainty (or standard deviation) is quite large, namely 5.42%. 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 0.07% 0.11% -0.04% to 0.18%
Monday -0.75% 1.55% -2.29% to 0.80%
Tuesday 1.14% 1.49% -0.35% to 2.63%
Wednesday -0.16% 0.13% -0.29% to -0.02%
Thursday -0.11% 1.12% -1.22% to 1.01%
Friday -0.84% 3.49% -4.33% to 2.66%
Saturday -2.57% 5.42% -7.99% to 2.84%
 

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