Loopring (LRC)

Current price: $ 2.95

24 hours price change: $ -0.52 (-14.97%)

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 May 27th, 2021 to November 27th, 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 05/27/2021 and 11/27/2021.

According to the performance of Loopring between May 27th, 2021 and November 27th, 2021, Loopring performed the best on Thursdays. On average, the price of Loopring increased 1.49% on Thursday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -0.55%.

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 0.69%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Sunday is between -3.19% and 4.58% (see also the table below).

Allthough the Loopring decreases in value with -0.45% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Mondays is 4.85%. This means that the expected change of the value of Loopring is between -5.30% and 4.39% on 68 out of 100 Mondays.

Allthough the Loopring decreases in value with -0.55% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Tuesdays is 2.28%. This means that the expected change of the value of Loopring is between -2.83% and 1.72% on 68 out of 100 Tuesdays.

Historical performance on Wednesday 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 Wednesday with 0.65%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Wednesday is between -2.73% and 4.03% (see also the table below).

On an average Thursday the Loopring shows an increase in value of 1.49%. However, the change of Loopring on most of the Thursdays is between -7.30% and 10.28%. Therefore it is hard to tell whether an average Thursday is a good day to start buying Looprings.

Loopring increased in value on an average Friday 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 (5.11%). This means that on 68 percent of the Fridays, the change in price of the Loopring is expected to be in the range of -4.86% and 5.37%.

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 -0.14%. However, the standard deviation on this weekday is 3.01%. This means that on most Saturdays, the change in value of the Loopring is between -3.15% and 2.87%.

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 0.69% 3.89% -3.19% to 4.58%
Monday -0.45% 4.85% -5.30% to 4.39%
Tuesday -0.55% 2.28% -2.83% to 1.72%
Wednesday 0.65% 3.38% -2.73% to 4.03%
Thursday 1.49% 8.79% -7.30% to 10.28%
Friday 0.26% 5.11% -4.86% to 5.37%
Saturday -0.14% 3.01% -3.15% to 2.87%
 

About Us

: Financial indicators for cryptocurrencies