Litecoin (LTC)

Current price: $ 183.71

24 hours price change: $ -9.09 (-4.71%)

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 February 4th, 2021 to March 4th, 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 02/04/2021 and 03/04/2021.

According to the performance of Litecoin between February 4th, 2021 and March 4th, 2021, Litecoin performed the best on Saturdays. On average, the price of Litecoin increased 3.93% on Saturday.

The weekday on which the Litecoin performed the worst, is Monday. On Mondays, the Litecoin declined in value on average by -1.50%.

Litecoin weekday performance

Allthough the Litecoin decreases in value with -0.32% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Sundays is 1.99%. This means that the expected change of the value of Litecoin is between -2.32% and 1.67% on 68 out of 100 Sundays.

The Litecoin declines in value on an average Monday with -1.50%. However, the uncertainty (or standard deviation) is quite large, namely 2.50%. This means that it is not possible to say whether on a regular Monday the Litecoin will increase or decrease in value.

It is hard to tell whether the Litecoin will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Litecoin is -0.11%. However, the standard deviation on this weekday is 2.12%. This means that on most Tuesdays, the change in value of the Litecoin is between -2.23% and 2.01%.

On an average Wednesday, the Litecoin increased 0.36%. However, since the expected deviation is 2.36%, the Litecoin will decline in value on a Wednesday quiet regularly. The expected price change of the Litecoin on a Wednesday is between -2.00% and 2.72%.

Historical performance on Thursday 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 Thursday with 0.91%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Thursday is between -0.30% and 2.13% (see also the table below).

Allthough the Litecoin decreases in value with -0.35% on an average Friday, the uncertainty of this decline is large. The standard deviation of the change of Litecoin on Fridays is 2.90%. This means that the expected change of the value of Litecoin is between -3.25% and 2.54% on 68 out of 100 Fridays.

The increase in value of the Litecoin is 3.93% on an average Saturday. However, the uncertainty on the average change is high for the Litecoin on Saturdays. This is the reason why an expected increase of the Litecoin on an average Saturday cannot be predicted. The standard deviation for Litecoin on Saturdays is high, namely 6.42%. This means that the expected range of value change for the Litecoin is -2.48% and 10.35% on 68% of the Saturdays.

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 -0.32% 1.99% -2.32% to 1.67%
Monday -1.50% 2.50% -4.00% to 1.00%
Tuesday -0.11% 2.12% -2.23% to 2.01%
Wednesday 0.36% 2.36% -2.00% to 2.72%
Thursday 0.91% 1.22% -0.30% to 2.13%
Friday -0.35% 2.90% -3.25% to 2.54%
Saturday 3.93% 6.42% -2.48% to 10.35%
 

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