Loopring (LRC)

Current price: $ 0.42

24 hours price change: $ -0.02 (-3.82%)

Daily analysis of Loopring (LRC) - 1 year

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 year, starting on October 22nd, 2020 to October 22nd, 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 10/22/2020 and 10/22/2021.

According to the performance of Loopring between October 22nd, 2020 and October 22nd, 2021, Loopring performed the best on Saturdays. On average, the price of Loopring increased 0.37% on Saturday.

The weekday on which the Loopring performed the worst, is Sunday. On Sundays, the Loopring declined in value on average by -0.20%.

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 -0.20%. However, the standard deviation on this weekday is 2.35%. This means that on most Sundays, the change in value of the Loopring is between -2.55% and 2.15%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Monday. The average change on a Monday for the Loopring is -0.07%. However, the standard deviation on this weekday is 4.34%. This means that on most Mondays, the change in value of the Loopring is between -4.40% and 4.27%.

On an average Tuesday, the Loopring increased 0.37%. However, since the expected deviation is 2.75%, the Loopring will decline in value on a Tuesday quiet regularly. The expected price change of the Loopring on a Tuesday is between -2.38% and 3.11%.

Loopring increased in value on an average Wednesday only slightly. The average increase in value of the Loopring was 0.00%. 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 (3.07%). This means that on 68 percent of the Wednesdays, the change in price of the Loopring is expected to be in the range of -3.06% and 3.07%.

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 -0.06%. However, the standard deviation on this weekday is 3.58%. This means that on most Thursdays, the change in value of the Loopring is between -3.64% and 3.52%.

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 -0.01%. However, the standard deviation on this weekday is 3.46%. This means that on most Fridays, the change in value of the Loopring is between -3.47% and 3.45%.

On an average Saturday, the Loopring increased 0.37%. However, since the expected deviation is 2.93%, the Loopring will decline in value on a Saturday quiet regularly. The expected price change of the Loopring on a Saturday is between -2.55% and 3.30%.

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 -0.20% 2.35% -2.55% to 2.15%
Monday -0.07% 4.34% -4.40% to 4.27%
Tuesday 0.37% 2.75% -2.38% to 3.11%
Wednesday 0.00% 3.07% -3.06% to 3.07%
Thursday -0.06% 3.58% -3.64% to 3.52%
Friday -0.01% 3.46% -3.47% to 3.45%
Saturday 0.37% 2.93% -2.55% to 3.30%
 

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