Loopring (LRC)

Current price: $ 0.53

24 hours price change: $ 0.02 (4.19%)

Daily analysis of Loopring (LRC) - 6 months

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 6 months, starting on November 18th, 2020 to May 18th, 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 11/18/2020 and 05/18/2021.

According to the performance of Loopring between November 18th, 2020 and May 18th, 2021, Loopring performed the best on Tuesdays. On average, the price of Loopring increased 0.90% on Tuesday.

The weekday on which the Loopring performed the worst, is Wednesday. On Wednesdays, the Loopring declined in value on average by -1.09%.

Loopring weekday performance

On Sundays, the Loopring decreases in value on average with -0.80%. On most of the Sundays the Loopring decreases in value between -3.31% and 1.72%. The uncertainty (2.51%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Loopring on Sundays is large.

On an average Monday, the Loopring increased 0.50%. However, since the expected deviation is 3.80%, the Loopring will decline in value on a Monday quiet regularly. The expected price change of the Loopring on a Monday is between -3.29% and 4.30%.

Historical performance on Tuesday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Tuesday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Tuesday is between -2.60% and 4.39% (see also the table below).

The Loopring declines in value on an average Wednesday with -1.09%. However, the uncertainty (or standard deviation) is quite large, namely 2.38%. This means that it is not possible to say whether on a regular Wednesday the Loopring will increase or decrease in value.

Allthough the Loopring decreases in value with -0.51% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Thursdays is 4.87%. This means that the expected change of the value of Loopring is between -5.38% and 4.36% on 68 out of 100 Thursdays.

Historical performance on Friday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Friday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Friday is between -2.93% and 4.36% (see also the table below).

On an average Saturday, the Loopring increased 0.53%. 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 -2.40% and 3.46%.

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 -0.80% 2.51% -3.31% to 1.72%
Monday 0.50% 3.80% -3.29% to 4.30%
Tuesday 0.90% 3.49% -2.60% to 4.39%
Wednesday -1.09% 2.38% -3.47% to 1.29%
Thursday -0.51% 4.87% -5.38% to 4.36%
Friday 0.72% 3.64% -2.93% to 4.36%
Saturday 0.53% 2.93% -2.40% to 3.46%
 

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