Loopring (LRC)

Current price: $ 0.28

24 hours price change: $ -0.01 (-4.08%)

Daily analysis of Loopring (LRC) - 1 month

The performance of Loopring regarding the price differs every day. To make the best decision to buy Loopring, we are analysis in this article the performance of Loopring on the different weekdays. The amounts for this analysis are in USD ($). The analysis is performed on the last 1 month, starting on May 18th, 2021 to June 18th, 2021.

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

Average daily change in price of Loopring per weekday between 05/18/2021 and 06/18/2021.

According to the performance of Loopring between May 18th, 2021 and June 18th, 2021, Loopring performed the best on Mondays. On average, the price of Loopring increased 3.33% on Monday.

The weekday on which the Loopring performed the worst, is Friday. On Fridays, the Loopring declined in value on average by -2.75%.

Loopring weekday performance

On an average Sunday the Loopring shows a high increase in value, namely 2.01%. The standard deviation is below the average increase percentage (standard deviation is 1.60%), meaning that on 68% of the Sundays the Loopring will increase with a percentage between 0.40% and 3.61%. This also means that, on average, on 16 percent of the Sundays, the Loopring will increase with a percentage above this range. On the other 16% of the Sundays, the Loopring will change with a percentage below the 0.40%.

The increase in value of the Loopring is 3.33% on an average Monday. However, the uncertainty on the average change is high for the Loopring on Mondays. This is the reason why an expected increase of the Loopring on an average Monday cannot be predicted. The standard deviation for Loopring on Mondays is high, namely 3.92%. This means that the expected range of value change for the Loopring is -0.59% and 7.25% on 68% of the Mondays.

Loopring increased in value on an average Tuesday only slightly. The average increase in value of the Loopring was 0.02%. Allthough the Loopring closed a little higher very day compared to the opening, the variability of this result is high, as shown by the standard deviation (0.49%). This means that on 68 percent of the Tuesdays, the change in price of the Loopring is expected to be in the range of -0.47% and 0.52%.

On an average Wednesday the Loopring shows an increase in value of 1.57%. However, the change of Loopring on most of the Wednesdays is between -1.62% and 4.77%. Therefore it is hard to tell whether an average Wednesday is a good day to start buying Looprings.

Allthough the Loopring decreases in value with -0.37% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Thursdays is 2.25%. This means that the expected change of the value of Loopring is between -2.61% and 1.88% on 68 out of 100 Thursdays.

The Loopring declines in value on an average Friday with -2.75%. However, the uncertainty (or standard deviation) is quite large, namely 5.18%. This means that it is not possible to say whether on a regular Friday the Loopring will increase or decrease in value.

The Loopring declines in value on an average Saturday with -2.09%. However, the uncertainty (or standard deviation) is quite large, namely 3.67%. This means that it is not possible to say whether on a regular Saturday the Loopring will increase or decrease in value.

Loopring weekday performance details

Find below the details of the performance of Loopring 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 2.01% 1.60% 0.40% to 3.61%
Monday 3.33% 3.92% -0.59% to 7.25%
Tuesday 0.02% 0.49% -0.47% to 0.52%
Wednesday 1.57% 3.20% -1.62% to 4.77%
Thursday -0.37% 2.25% -2.61% to 1.88%
Friday -2.75% 5.18% -7.92% to 2.43%
Saturday -2.09% 3.67% -5.76% to 1.57%
 

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