Litecoin (LTC)

Current price: $ 111.70

24 hours price change: $ 3.36 (3.10%)

Daily analysis of Litecoin (LTC) - 1 month

The performance of Litecoin regarding the price differs every day. To make the best decision to buy Litecoin, we are analysis in this article the performance of Litecoin on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on December 26th, 2021 to January 26th, 2022.

In the barchart below, the weekdays and average performance of Litecoin are shown side by side.

Average daily change in price of Litecoin per weekday between 12/26/2021 and 01/26/2022.

According to the performance of Litecoin between December 26th, 2021 and January 26th, 2022, Litecoin performed the best on Saturdays. On average, the price of Litecoin increased 1.38% on Saturday.

The weekday on which the Litecoin performed the worst, is Monday. On Mondays, the Litecoin declined in value on average by -0.81%.

Litecoin weekday performance

On an average Sunday, the Litecoin increased 0.33%. However, since the expected deviation is 0.86%, the Litecoin will decline in value on a Sunday quiet regularly. The expected price change of the Litecoin on a Sunday is between -0.52% and 1.19%.

On Mondays, the Litecoin decreases in value on average with -0.81%. On most of the Mondays the Litecoin decreases in value between -1.42% and -0.20%. The uncertainty (0.61%) is higher than the average decline percentage (-0.81%). Therefore, expected range of price changes of the Litecoin on Mondays is large.

On Tuesdays, the Litecoin decreases in value on average with -0.66%. On most of the Tuesdays the Litecoin decreases in value between -1.79% and 0.47%. The uncertainty (1.13%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Litecoin on Tuesdays is large.

Litecoin increased in value on an average Wednesday only slightly. The average increase in value of the Litecoin was 0.17%. Allthough the Litecoin closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.60%). This means that on 68 percent of the Wednesdays, the change in price of the Litecoin is expected to be in the range of -0.43% and 0.78%.

On an average Thursday, the Litecoin increased 0.40%. However, since the expected deviation is 1.07%, the Litecoin will decline in value on a Thursday quiet regularly. The expected price change of the Litecoin on a Thursday is between -0.67% and 1.46%.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Friday. The average change on a Friday for the Litecoin is -0.09%. However, the standard deviation on this weekday is 0.86%. This means that on most Fridays, the change in value of the Litecoin is between -0.95% and 0.77%.

On an average Saturday the Litecoin shows a high increase in value, namely 1.38%. The standard deviation is below the average increase percentage (standard deviation is 0.75%), meaning that on 68% of the Saturdays the Litecoin will increase with a percentage between 0.63% and 2.13%. This also means that, on average, on 16 percent of the Saturdays, the Litecoin will increase with a percentage above this range. On the other 16% of the Saturdays, the Litecoin will change with a percentage below the 0.63%.

Litecoin weekday performance details

Find below the details of the performance of Litecoin 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 0.33% 0.86% -0.52% to 1.19%
Monday -0.81% 0.61% -1.42% to -0.20%
Tuesday -0.66% 1.13% -1.79% to 0.47%
Wednesday 0.17% 0.60% -0.43% to 0.78%
Thursday 0.40% 1.07% -0.67% to 1.46%
Friday -0.09% 0.86% -0.95% to 0.77%
Saturday 1.38% 0.75% 0.63% to 2.13%
 

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: Financial indicators for cryptocurrencies