Loopring (LRC)

Current price: $ 0.58

24 hours price change: $ 0.007500 (1.31%)

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 February 6th, 2021 to March 6th, 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 02/06/2021 and 03/06/2021.

According to the performance of Loopring between February 6th, 2021 and March 6th, 2021, Loopring performed the best on Saturdays. On average, the price of Loopring increased 1.38% on Saturday.

The weekday on which the Loopring performed the worst, is Sunday. On Sundays, the Loopring declined in value on average by -2.69%.

Loopring weekday performance

The Loopring declines in value on an average Sunday with -2.69%. However, the uncertainty (or standard deviation) is quite large, namely 1.96%. This means that it is not possible to say whether on a regular Sunday the Loopring will increase or decrease in value.

The Loopring declines in value on an average Monday with -1.70%. However, the uncertainty (or standard deviation) is quite large, namely 2.91%. This means that it is not possible to say whether on a regular Monday the Loopring will increase or decrease in value.

On Tuesdays, the Loopring decreases in value on average with -0.78%. On most of the Tuesdays the Loopring decreases in value between -2.25% and 0.69%. The uncertainty (1.47%) is higher than the average decline percentage (-0.78%). Therefore, expected range of price changes of the Loopring on Tuesdays is large.

It is hard to tell whether the Loopring will increase or decrease in value on an average Wednesday. The average change on a Wednesday for the Loopring is -0.18%. However, the standard deviation on this weekday is 0.26%. This means that on most Wednesdays, the change in value of the Loopring is between -0.44% and 0.08%.

On an average Thursday, the Loopring increased 0.39%. However, since the expected deviation is 1.41%, the Loopring will decline in value on a Thursday quiet regularly. The expected price change of the Loopring on a Thursday is between -1.02% and 1.80%.

The Loopring declines in value on an average Friday with -2.60%. However, the uncertainty (or standard deviation) is quite large, namely 1.92%. This means that it is not possible to say whether on a regular Friday the Loopring will increase or decrease in value.

On an average Saturday the Loopring shows an increase in value of 1.38%. However, the change of Loopring on most of the Saturdays is between -1.06% and 3.81%. Therefore it is hard to tell whether an average Saturday is a good day to start buying Looprings.

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 -2.69% 1.96% -4.64% to -0.73%
Monday -1.70% 2.91% -4.61% to 1.21%
Tuesday -0.78% 1.47% -2.25% to 0.69%
Wednesday -0.18% 0.26% -0.44% to 0.08%
Thursday 0.39% 1.41% -1.02% to 1.80%
Friday -2.60% 1.92% -4.52% to -0.68%
Saturday 1.38% 2.43% -1.06% to 3.81%
 

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