Litecoin (LTC)

Current price: $ 78.57

24 hours price change: $ -1.17 (-1.47%)

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 17th, 2024 to June 17th, 2024.

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 05/17/2024 and 06/17/2024.

According to the performance of Litecoin between May 17th, 2024 and June 17th, 2024, Litecoin performed the best on Mondays. On average, the price of Litecoin increased 1.83% on Monday.

The weekday on which the Litecoin performed the worst, is Wednesday. On Wednesdays, the Litecoin declined in value on average by -0.67%.

Litecoin weekday performance

On Sundays, the Litecoin decreases in value on average with -0.61%. On most of the Sundays the Litecoin decreases in value between -1.40% and 0.17%. The uncertainty (0.78%) is higher than the average decline percentage (-0.61%). Therefore, expected range of price changes of the Litecoin on Sundays is large.

On an average Monday the Litecoin shows an increase in value of 1.83%. However, the change of Litecoin on most of the Mondays is between -1.11% and 4.78%. Therefore it is hard to tell whether an average Monday is a good day to start buying Litecoins.

On Tuesdays, the Litecoin decreases in value on average with -0.66%. On most of the Tuesdays the Litecoin decreases in value between -1.53% and 0.22%. The uncertainty (0.87%) is higher than the average decline percentage (-0.66%). Therefore, expected range of price changes of the Litecoin on Tuesdays is large.

On Wednesdays, the Litecoin decreases in value on average with -0.67%. On most of the Wednesdays the Litecoin decreases in value between -1.92% and 0.58%. The uncertainty (1.25%) is higher than the average decline percentage (-0.67%). Therefore, expected range of price changes of the Litecoin on Wednesdays is large.

Litecoin increased in value on an average Thursday only slightly. The average increase in value of the Litecoin was 0.19%. 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 (0.57%). This means that on 68 percent of the Thursdays, the change in price of the Litecoin is expected to be in the range of -0.38% and 0.75%.

Allthough the Litecoin decreases in value with -0.40% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Fridays is 0.60%. This means that the expected change of the value of Litecoin is between -1.00% and 0.19% on 68 out of 100 Fridays.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Saturday. The average change on a Saturday for the Litecoin is -0.08%. However, the standard deviation on this weekday is 0.15%. This means that on most Saturdays, the change in value of the Litecoin is between -0.23% and 0.06%.

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 -0.61% 0.78% -1.40% to 0.17%
Monday 1.83% 2.95% -1.11% to 4.78%
Tuesday -0.66% 0.87% -1.53% to 0.22%
Wednesday -0.67% 1.25% -1.92% to 0.58%
Thursday 0.19% 0.57% -0.38% to 0.75%
Friday -0.40% 0.60% -1.00% to 0.19%
Saturday -0.08% 0.15% -0.23% to 0.06%
 

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: Financial indicators for cryptocurrencies