Loopring (LRC)

Current price: $ 0.72

24 hours price change: $ -0.25 (-25.54%)

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 December 22nd, 2021 to January 22nd, 2022.

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 12/22/2021 and 01/22/2022.

According to the performance of Loopring between December 22nd, 2021 and January 22nd, 2022, Loopring performed the best on Saturdays. On average, the price of Loopring increased 0.82% on Saturday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -1.14%.

Loopring weekday performance

Loopring increased in value on an average Sunday only slightly. The average increase in value of the Loopring was 0.28%. 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 (0.45%). This means that on 68 percent of the Sundays, the change in price of the Loopring is expected to be in the range of -0.18% and 0.73%.

On Mondays, the Loopring decreases in value on average with -0.77%. On most of the Mondays the Loopring decreases in value between -1.28% and -0.25%. The uncertainty (0.52%) is higher than the average decline percentage (-0.77%). Therefore, expected range of price changes of the Loopring on Mondays is large.

The Loopring declines in value on an average Tuesday with -1.14%. However, the uncertainty (or standard deviation) is quite large, namely 0.93%. This means that it is not possible to say whether on a regular Tuesday the Loopring will increase or decrease in value.

Loopring increased in value on an average Wednesday only slightly. The average increase in value of the Loopring was 0.27%. 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 (1.36%). This means that on 68 percent of the Wednesdays, the change in price of the Loopring is expected to be in the range of -1.09% and 1.64%.

Loopring increased in value on an average Thursday only slightly. The average increase in value of the Loopring was 0.04%. 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 (0.58%). This means that on 68 percent of the Thursdays, the change in price of the Loopring is expected to be in the range of -0.54% and 0.61%.

Historical performance on Friday do not show an increase in value of the Loopring on which a prediction can be made. The Loopring increased in value on average on an average Friday with 0.76%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Friday is between -1.48% and 3.00% (see also the table below).

The expected range of change of the Loopring for an average Saturday is between 0.03% and 1.60%. This is the result of an average increase in value of 0.82% and a standard deviation of %STANDARD_DEVIATION%}. This expected increase of value is calculated over the last 1 month.

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 0.28% 0.45% -0.18% to 0.73%
Monday -0.77% 0.52% -1.28% to -0.25%
Tuesday -1.14% 0.93% -2.06% to -0.21%
Wednesday 0.27% 1.36% -1.09% to 1.64%
Thursday 0.04% 0.58% -0.54% to 0.61%
Friday 0.76% 2.24% -1.48% to 3.00%
Saturday 0.82% 0.79% 0.03% to 1.60%
 

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