Litecoin (LTC)

Current price: $ 166.14

24 hours price change: $ 3.51 (2.16%)

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 May 13th, 2021 to June 13th, 2021.

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 05/13/2021 and 06/13/2021.

According to the performance of Litecoin between May 13th, 2021 and June 13th, 2021, Litecoin performed the best on Mondays. On average, the price of Litecoin increased 2.58% on Monday.

The weekday on which the Litecoin performed the worst, is Saturday. On Saturdays, the Litecoin declined in value on average by -3.15%.

Litecoin weekday performance

Historical performance on Sunday do not show an increase in value of the Litecoin on which a prediction can be made. The Litecoin increased in value on average on an average Sunday with 0.87%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Sunday is between -0.75% and 2.49% (see also the table below).

On an average Monday the Litecoin shows an increase in value of 2.58%. However, the change of Litecoin on most of the Mondays is between -1.83% and 6.99%. Therefore it is hard to tell whether an average Monday is a good day to start buying Litecoins.

Litecoin increased in value on an average Tuesday only slightly. The average increase in value of the Litecoin was 0.02%. 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 (0.08%). This means that on 68 percent of the Tuesdays, the change in price of the Litecoin is expected to be in the range of -0.06% and 0.10%.

On an average Wednesday the Litecoin shows an increase in value of 2.08%. However, the change of Litecoin on most of the Wednesdays is between -1.53% and 5.70%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Litecoins.

Allthough the Litecoin decreases in value with -0.48% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Thursdays is 1.07%. This means that the expected change of the value of Litecoin is between -1.55% and 0.60% on 68 out of 100 Thursdays.

The Litecoin declines in value on an average Friday with -1.69%. However, the uncertainty (or standard deviation) is quite large, namely 3.42%. This means that it is not possible to say whether on a regular Friday the Litecoin will increase or decrease in value.

The decrease in value of the Litecoin is -3.15% on an average Saturday. The uncertainty of the average change is high for the Litecoin on Saturdays. This means that it is hard to tell whether the Litecoin will decrease or increase in value on an average Saturday. If we look at the 68% range of the Litecoin, we see that on 68% of the Saturdays, the expected change of the Litecoin is between -7.02% and 0.72%.

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 0.87% 1.62% -0.75% to 2.49%
Monday 2.58% 4.41% -1.83% to 6.99%
Tuesday 0.02% 0.08% -0.06% to 0.10%
Wednesday 2.08% 3.62% -1.53% to 5.70%
Thursday -0.48% 1.07% -1.55% to 0.60%
Friday -1.69% 3.42% -5.12% to 1.73%
Saturday -3.15% 3.87% -7.02% to 0.72%
 

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