Loopring (LRC)

Current price: $ 0.58

24 hours price change: $ -0.03 (-4.80%)

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 January 25th, 2021 to February 25th, 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 01/25/2021 and 02/25/2021.

According to the performance of Loopring between January 25th, 2021 and February 25th, 2021, Loopring performed the best on Saturdays. On average, the price of Loopring increased 3.39% on Saturday.

The weekday on which the Loopring performed the worst, is Monday. On Mondays, the Loopring declined in value on average by -2.32%.

Loopring weekday performance

The Loopring declines in value on an average Sunday with -2.10%. However, the uncertainty (or standard deviation) is quite large, namely 1.89%. This means that it is not possible to say whether on a regular Sunday the Loopring will increase or decrease in value.

The Loopring declines in value on an average Monday with -2.32%. However, the uncertainty (or standard deviation) is quite large, namely 2.13%. This means that it is not possible to say whether on a regular Monday the Loopring will increase or decrease in value.

Loopring increased in value on an average Tuesday only slightly. The average increase in value of the Loopring was 0.23%. 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 (2.32%). This means that on 68 percent of the Tuesdays, the change in price of the Loopring is expected to be in the range of -2.10% and 2.55%.

The Loopring declines in value on an average Wednesday with -1.98%. However, the uncertainty (or standard deviation) is quite large, namely 3.44%. This means that it is not possible to say whether on a regular Wednesday the Loopring will increase or decrease in value.

On an average Thursday the Loopring shows an increase in value of 2.92%. However, the change of Loopring on most of the Thursdays is between -2.15% and 7.99%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Looprings.

The Loopring declines in value on an average Friday with -1.67%. However, the uncertainty (or standard deviation) is quite large, namely 1.68%. This means that it is not possible to say whether on a regular Friday the Loopring will increase or decrease in value.

The increase in value of the Loopring is 3.39% on an average Saturday. However, the uncertainty on the average change is high for the Loopring on Saturdays. This is the reason why an expected increase of the Loopring on an average Saturday cannot be predicted. The standard deviation for Loopring on Saturdays is high, namely 5.58%. This means that the expected range of value change for the Loopring is -2.19% and 8.97% on 68% of the Saturdays.

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 -2.10% 1.89% -3.99% to -0.21%
Monday -2.32% 2.13% -4.45% to -0.20%
Tuesday 0.23% 2.32% -2.10% to 2.55%
Wednesday -1.98% 3.44% -5.42% to 1.46%
Thursday 2.92% 5.07% -2.15% to 7.99%
Friday -1.67% 1.68% -3.35% to 0.01%
Saturday 3.39% 5.58% -2.19% to 8.97%
 

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