Loopring (LRC)

Current price: $ 0.03

24 hours price change: $ -0.000330 (-1.07%)

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 April 20th, 2019 to October 20th, 2019.

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 04/20/2019 and 10/20/2019.

According to the performance of Loopring between April 20th, 2019 and October 20th, 2019, Loopring performed the best on Fridays. On average, the price of Loopring increased 0.99% on Friday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -1.11%.

Loopring weekday performance

Historical performance on Sunday 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 Sunday with 0.75%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Sunday is between -3.43% and 4.93% (see also the table below).

On Mondays, the Loopring decreases in value on average with -0.89%. On most of the Mondays the Loopring decreases in value between -5.59% and 3.81%. The uncertainty (4.70%) is higher than the average decline percentage (-0.89%). Therefore, expected range of price changes of the Loopring on Mondays is large.

The Loopring declines in value on an average Tuesday with -1.11%. However, the uncertainty (or standard deviation) is quite large, namely 5.14%. This means that it is not possible to say whether on a regular Tuesday the Loopring will increase or decrease in value.

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 -0.26%. However, the standard deviation on this weekday is 6.53%. This means that on most Wednesdays, the change in value of the Loopring is between -6.79% and 6.27%.

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 -0.16%. However, the standard deviation on this weekday is 4.32%. This means that on most Thursdays, the change in value of the Loopring is between -4.48% and 4.15%.

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 0.99%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Friday is between -2.75% and 4.72% (see also the table below).

On Saturdays, the Loopring decreases in value on average with -0.94%. On most of the Saturdays the Loopring decreases in value between -5.32% and 3.45%. The uncertainty (4.38%) is higher than the average decline percentage (-0.94%). Therefore, expected range of price changes of the Loopring on Saturdays is large.

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 0.75% 4.18% -3.43% to 4.93%
Monday -0.89% 4.70% -5.59% to 3.81%
Tuesday -1.11% 5.14% -6.25% to 4.03%
Wednesday -0.26% 6.53% -6.79% to 6.27%
Thursday -0.16% 4.32% -4.48% to 4.15%
Friday 0.99% 3.73% -2.75% to 4.72%
Saturday -0.94% 4.38% -5.32% to 3.45%