Loopring (LRC)

Current price: $ 0.15

24 hours price change: $ 0.003495 (2.39%)

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 January 13th, 2024 to July 13th, 2024.

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 01/13/2024 and 07/13/2024.

According to the performance of Loopring between January 13th, 2024 and July 13th, 2024, Loopring performed the best on Mondays. On average, the price of Loopring increased 0.58% on Monday.

The weekday on which the Loopring performed the worst, is Wednesday. On Wednesdays, the Loopring declined in value on average by -0.37%.

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 -0.07%. However, the standard deviation on this weekday is 1.76%. This means that on most Sundays, the change in value of the Loopring is between -1.83% and 1.69%.

On an average Monday, the Loopring increased 0.58%. However, since the expected deviation is 2.69%, the Loopring will decline in value on a Monday quiet regularly. The expected price change of the Loopring on a Monday is between -2.11% and 3.27%.

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 -0.12%. However, the standard deviation on this weekday is 1.92%. This means that on most Tuesdays, the change in value of the Loopring is between -2.04% and 1.80%.

Allthough the Loopring decreases in value with -0.37% on an average Wednesday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Wednesdays is 1.63%. This means that the expected change of the value of Loopring is between -2.00% and 1.26% on 68 out of 100 Wednesdays.

On an average Thursday, the Loopring increased 0.33%. However, since the expected deviation is 1.62%, the Loopring will decline in value on a Thursday quiet regularly. The expected price change of the Loopring on a Thursday is between -1.29% and 1.95%.

Allthough the Loopring decreases in value with -0.33% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Fridays is 1.31%. This means that the expected change of the value of Loopring is between -1.65% and 0.98% on 68 out of 100 Fridays.

It is hard to tell whether the Loopring will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loopring is -0.30%. However, the standard deviation on this weekday is 0.81%. This means that on most Saturdays, the change in value of the Loopring is between -1.11% and 0.52%.

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 -0.07% 1.76% -1.83% to 1.69%
Monday 0.58% 2.69% -2.11% to 3.27%
Tuesday -0.12% 1.92% -2.04% to 1.80%
Wednesday -0.37% 1.63% -2.00% to 1.26%
Thursday 0.33% 1.62% -1.29% to 1.95%
Friday -0.33% 1.31% -1.65% to 0.98%
Saturday -0.30% 0.81% -1.11% to 0.52%
 

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