Litecoin (LTC)

Current price: $ 140.32

24 hours price change: $ 1.53 (1.10%)

Daily analysis of Litecoin (LTC) - 6 months

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 6 months, starting on January 29th, 2021 to July 29th, 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 01/29/2021 and 07/29/2021.

According to the performance of Litecoin between January 29th, 2021 and July 29th, 2021, Litecoin performed the best on Mondays. On average, the price of Litecoin increased 1.02% on Monday.

The weekday on which the Litecoin performed the worst, is Friday. On Fridays, the Litecoin declined in value on average by -0.30%.

Litecoin weekday performance

Litecoin increased in value on an average Sunday only slightly. The average increase in value of the Litecoin was 0.26%. 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 (1.47%). This means that on 68 percent of the Sundays, the change in price of the Litecoin is expected to be in the range of -1.22% and 1.73%.

On an average Monday the Litecoin shows an increase in value of 1.02%. However, the change of Litecoin on most of the Mondays is between -2.22% and 4.25%. Therefore it is hard to tell whether an average Monday is a good day to start buying Litecoins.

On an average Tuesday, the Litecoin increased 0.50%. However, since the expected deviation is 2.02%, the Litecoin will decline in value on a Tuesday quiet regularly. The expected price change of the Litecoin on a Tuesday is between -1.52% and 2.53%.

Historical performance on Wednesday 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 Wednesday with 0.64%. However, the uncertainty of this increase is high. The expected change in value of the Litecoin on a Wednesday is between -1.74% and 3.03% (see also the table below).

Litecoin increased in value on an average Thursday only slightly. The average increase in value of the Litecoin was 0.05%. 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 (1.33%). This means that on 68 percent of the Thursdays, the change in price of the Litecoin is expected to be in the range of -1.27% and 1.38%.

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 -0.30%. However, the standard deviation on this weekday is 3.19%. This means that on most Fridays, the change in value of the Litecoin is between -3.49% and 2.89%.

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 -0.03%. However, the standard deviation on this weekday is 3.75%. This means that on most Saturdays, the change in value of the Litecoin is between -3.78% and 3.72%.

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 0.26% 1.47% -1.22% to 1.73%
Monday 1.02% 3.24% -2.22% to 4.25%
Tuesday 0.50% 2.02% -1.52% to 2.53%
Wednesday 0.64% 2.38% -1.74% to 3.03%
Thursday 0.05% 1.33% -1.27% to 1.38%
Friday -0.30% 3.19% -3.49% to 2.89%
Saturday -0.03% 3.75% -3.78% to 3.72%
 

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