Loopring (LRC)

Current price: $ 0.57

24 hours price change: $ -0.006900 (-1.19%)

Daily analysis of Loopring (LRC) - 6 months

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 6 months, starting on September 8th, 2020 to March 8th, 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 09/08/2020 and 03/08/2021.

According to the performance of Loopring between September 8th, 2020 and March 8th, 2021, Loopring performed the best on Saturdays. On average, the price of Loopring increased 0.90% on Saturday.

The weekday on which the Loopring performed the worst, is Wednesday. On Wednesdays, the Loopring declined in value on average by -0.95%.

Loopring weekday performance

On Sundays, the Loopring decreases in value on average with -0.64%. On most of the Sundays the Loopring decreases in value between -3.26% and 1.99%. The uncertainty (2.63%) is higher than the average decline percentage (-0.64%). Therefore, expected range of price changes of the Loopring on Sundays is large.

Allthough the Loopring decreases in value with -0.41% on an average Monday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Mondays is 2.05%. This means that the expected change of the value of Loopring is between -2.46% and 1.64% on 68 out of 100 Mondays.

On an average Tuesday, the Loopring increased 0.47%. However, since the expected deviation is 2.94%, the Loopring will decline in value on a Tuesday quiet regularly. The expected price change of the Loopring on a Tuesday is between -2.46% and 3.41%.

On Wednesdays, the Loopring decreases in value on average with -0.95%. On most of the Wednesdays the Loopring decreases in value between -3.23% and 1.33%. The uncertainty (2.28%) is higher than the average decline percentage (-0.95%). Therefore, expected range of price changes of the Loopring on Wednesdays is large.

It is hard to tell whether the Loopring will increase or decrease in value on an average Thursday. The average change on a Thursday for the Loopring is -0.21%. However, the standard deviation on this weekday is 4.83%. This means that on most Thursdays, the change in value of the Loopring is between -5.04% and 4.63%.

Loopring increased in value on an average Friday only slightly. The average increase in value of the Loopring was 0.15%. 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 (2.88%). This means that on 68 percent of the Fridays, the change in price of the Loopring is expected to be in the range of -2.73% and 3.03%.

Historical performance on Saturday 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 Saturday with 0.90%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Saturday is between -1.93% and 3.72% (see also the table below).

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 -0.64% 2.63% -3.26% to 1.99%
Monday -0.41% 2.05% -2.46% to 1.64%
Tuesday 0.47% 2.94% -2.46% to 3.41%
Wednesday -0.95% 2.28% -3.23% to 1.33%
Thursday -0.21% 4.83% -5.04% to 4.63%
Friday 0.15% 2.88% -2.73% to 3.03%
Saturday 0.90% 2.82% -1.93% to 3.72%
 

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