Loopring (LRC)

Current price: $ 0.11

24 hours price change: $ -0.000646 (-0.61%)

Daily analysis of Loopring (LRC) - 1 year

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 year, starting on July 12th, 2019 to July 11th, 2020.

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 07/12/2019 and 07/11/2020.

According to the performance of Loopring between July 12th, 2019 and July 11th, 2020, Loopring performed the best on Wednesdays. On average, the price of Loopring increased 0.72% on Wednesday.

The weekday on which the Loopring performed the worst, is Tuesday. On Tuesdays, the Loopring declined in value on average by -0.53%.

Loopring weekday performance

Loopring increased in value on an average Sunday 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 (2.16%). This means that on 68 percent of the Sundays, the change in price of the Loopring is expected to be in the range of -2.13% and 2.18%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Monday. The average change on a Monday for the Loopring is -0.14%. However, the standard deviation on this weekday is 2.69%. This means that on most Mondays, the change in value of the Loopring is between -2.83% and 2.54%.

Allthough the Loopring decreases in value with -0.53% on an average Tuesday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Tuesdays is 2.47%. This means that the expected change of the value of Loopring is between -3.00% and 1.94% on 68 out of 100 Tuesdays.

Historical performance on Wednesday 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 Wednesday with 0.72%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Wednesday is between -2.13% and 3.56% (see also the table below).

Loopring increased in value on an average Thursday only slightly. The average increase in value of the Loopring was 0.06%. 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 (2.48%). This means that on 68 percent of the Thursdays, the change in price of the Loopring is expected to be in the range of -2.43% and 2.54%.

Loopring increased in value on an average Friday only slightly. The average increase in value of the Loopring was 0.24%. 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 (2.35%). This means that on 68 percent of the Fridays, the change in price of the Loopring is expected to be in the range of -2.11% and 2.59%.

Allthough the Loopring decreases in value with -0.51% on an average Saturday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Saturdays is 3.02%. This means that the expected change of the value of Loopring is between -3.53% and 2.50% on 68 out of 100 Saturdays.

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 0.02% 2.16% -2.13% to 2.18%
Monday -0.14% 2.69% -2.83% to 2.54%
Tuesday -0.53% 2.47% -3.00% to 1.94%
Wednesday 0.72% 2.84% -2.13% to 3.56%
Thursday 0.06% 2.48% -2.43% to 2.54%
Friday 0.24% 2.35% -2.11% to 2.59%
Saturday -0.51% 3.02% -3.53% to 2.50%
 

We use cookies on our website. Some of them are essential for the operation of the site, while others help us to improve this site and the user experience (tracking cookies). You can decide for yourself whether you want to allow cookies or not. Please note that if you reject them, you may not be able to use all the functionalities of the site.