Loopring (LRC)

Current price: $ 0.07

24 hours price change: $ 0.008174 (14.00%)

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 June 3rd, 2019 to June 2nd, 2020.

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 06/03/2019 and 06/02/2020.

According to the performance of Loopring between June 3rd, 2019 and June 2nd, 2020, Loopring performed the best on Fridays. On average, the price of Loopring increased 0.50% on Friday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -0.69%.

Loopring weekday performance

On an average Sunday, the Loopring increased 0.42%. However, since the expected deviation is 2.59%, the Loopring will decline in value on a Sunday quiet regularly. The expected price change of the Loopring on a Sunday is between -2.17% and 3.01%.

Allthough the Loopring decreases in value with -0.47% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Mondays is 2.86%. This means that the expected change of the value of Loopring is between -3.32% and 2.39% on 68 out of 100 Mondays.

On Tuesdays, the Loopring decreases in value on average with -0.69%. On most of the Tuesdays the Loopring decreases in value between -3.38% and 1.99%. The uncertainty (2.68%) is higher than the average decline percentage (-0.69%). Therefore, expected range of price changes of the Loopring on Tuesdays is large.

Loopring increased in value on an average Wednesday only slightly. The average increase in value of the Loopring was 0.05%. 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 (4.14%). This means that on 68 percent of the Wednesdays, the change in price of the Loopring is expected to be in the range of -4.08% and 4.19%.

Loopring increased in value on an average Thursday only slightly. The average increase in value of the Loopring was 0.26%. 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 (2.95%). This means that on 68 percent of the Thursdays, the change in price of the Loopring is expected to be in the range of -2.68% and 3.21%.

On an average Friday, the Loopring increased 0.50%. However, since the expected deviation is 2.56%, the Loopring will decline in value on a Friday quiet regularly. The expected price change of the Loopring on a Friday is between -2.06% and 3.06%.

Allthough the Loopring decreases in value with -0.41% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Saturdays is 2.74%. This means that the expected change of the value of Loopring is between -3.15% and 2.33% on 68 out of 100 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 0.42% 2.59% -2.17% to 3.01%
Monday -0.47% 2.86% -3.32% to 2.39%
Tuesday -0.69% 2.68% -3.38% to 1.99%
Wednesday 0.05% 4.14% -4.08% to 4.19%
Thursday 0.26% 2.95% -2.68% to 3.21%
Friday 0.50% 2.56% -2.06% to 3.06%
Saturday -0.41% 2.74% -3.15% to 2.33%
 

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