Loopring (LRC)

Current price: $ 0.29

24 hours price change: $ -0.005000 (-1.68%)

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 December 13th, 2020 to June 12th, 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 12/13/2020 and 06/12/2021.

According to the performance of Loopring between December 13th, 2020 and June 12th, 2021, Loopring performed the best on Mondays. On average, the price of Loopring increased 0.95% on Monday.

The weekday on which the Loopring performed the worst, is Wednesday. On Wednesdays, the Loopring declined in value on average by -0.80%.

Loopring weekday performance

Allthough the Loopring decreases in value with -0.56% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Sundays is 2.72%. This means that the expected change of the value of Loopring is between -3.29% and 2.16% on 68 out of 100 Sundays.

Historical performance on Monday 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 Monday with 0.95%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Monday is between -3.24% and 5.13% (see also the table below).

Historical performance on Tuesday 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 Tuesday with 0.83%. However, the uncertainty of this increase is high. The expected change in value of the Loopring on a Tuesday is between -2.67% and 4.33% (see also the table below).

On Wednesdays, the Loopring decreases in value on average with -0.80%. On most of the Wednesdays the Loopring decreases in value between -3.68% and 2.08%. The uncertainty (2.88%) is higher than the average decline percentage (-0.80%). Therefore, expected range of price changes of the Loopring on Wednesdays is large.

Allthough the Loopring decreases in value with -0.50% on an average Thursday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Thursdays is 4.93%. This means that the expected change of the value of Loopring is between -5.42% and 4.43% on 68 out of 100 Thursdays.

It is hard to tell whether the Loopring will increase or decrease in value on an average Friday. The average change on a Friday for the Loopring is -0.12%. However, the standard deviation on this weekday is 4.40%. This means that on most Fridays, the change in value of the Loopring is between -4.52% and 4.27%.

On an average Saturday, the Loopring increased 0.37%. However, since the expected deviation is 3.34%, the Loopring will decline in value on a Saturday quiet regularly. The expected price change of the Loopring on a Saturday is between -2.97% and 3.70%.

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 -0.56% 2.72% -3.29% to 2.16%
Monday 0.95% 4.19% -3.24% to 5.13%
Tuesday 0.83% 3.50% -2.67% to 4.33%
Wednesday -0.80% 2.88% -3.68% to 2.08%
Thursday -0.50% 4.93% -5.42% to 4.43%
Friday -0.12% 4.40% -4.52% to 4.27%
Saturday 0.37% 3.34% -2.97% to 3.70%
 

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.