Loopring (LRC)

Current price: $ 0.32

24 hours price change: $ 0.005100 (1.61%)

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 December 30th, 2022 to January 30th, 2023.

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 12/30/2022 and 01/30/2023.

According to the performance of Loopring between December 30th, 2022 and January 30th, 2023, Loopring performed the best on Thursdays. On average, the price of Loopring increased 1.22% on Thursday.

The weekday on which the Loopring performed the worst, is Friday. On Fridays, 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 -0.12%. However, the standard deviation on this weekday is 0.81%. This means that on most Sundays, the change in value of the Loopring is between -0.93% and 0.68%.

On an average Monday, the Loopring increased 0.50%. However, since the expected deviation is 0.86%, the Loopring will decline in value on a Monday quiet regularly. The expected price change of the Loopring on a Monday is between -0.36% and 1.37%.

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 -0.05%. However, the standard deviation on this weekday is 1.28%. This means that on most Tuesdays, the change in value of the Loopring is between -1.33% and 1.23%.

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 -0.08%. However, the standard deviation on this weekday is 1.35%. This means that on most Wednesdays, the change in value of the Loopring is between -1.43% and 1.27%.

On an average Thursday the Loopring shows a high increase in value, namely 1.22%. The standard deviation is below the average increase percentage (standard deviation is 1.21%), meaning that on 68% of the Thursdays the Loopring will increase with a percentage between 0.02% and 2.43%. This also means that, on average, on 16 percent of the Thursdays, the Loopring will increase with a percentage above this range. On the other 16% of the Thursdays, the Loopring will change with a percentage below the 0.02%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Friday. The average change on a Friday for the Loopring is -0.26%. However, the standard deviation on this weekday is 0.97%. This means that on most Fridays, the change in value of the Loopring is between -1.24% and 0.71%.

On an average Saturday the Loopring shows a high increase in value, namely 1.01%. The standard deviation is below the average increase percentage (standard deviation is 0.53%), meaning that on 68% of the Saturdays the Loopring will increase with a percentage between 0.48% and 1.54%. This also means that, on average, on 16 percent of the Saturdays, the Loopring will increase with a percentage above this range. On the other 16% of the Saturdays, the Loopring will change with a percentage below the 0.48%.

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 -0.12% 0.81% -0.93% to 0.68%
Monday 0.50% 0.86% -0.36% to 1.37%
Tuesday -0.05% 1.28% -1.33% to 1.23%
Wednesday -0.08% 1.35% -1.43% to 1.27%
Thursday 1.22% 1.21% 0.02% to 2.43%
Friday -0.26% 0.97% -1.24% to 0.71%
Saturday 1.01% 0.53% 0.48% to 1.54%
 

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