Loopring (LRC)

Current price: $ 0.34

24 hours price change: $ 0.002316 (0.69%)

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 5th, 2023 to March 5th, 2024.

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 09/05/2023 and 03/05/2024.

According to the performance of Loopring between September 5th, 2023 and March 5th, 2024, Loopring performed the best on Wednesdays. On average, the price of Loopring increased 0.44% on Wednesday.

The weekday on which the Loopring performed the worst, is Sunday. On Sundays, the Loopring declined in value on average by -0.33%.

Loopring weekday performance

Allthough the Loopring decreases in value with -0.33% on an average Sunday, the uncertainty of this decline is large. The standard deviation of the change of Loopring on Sundays is 1.28%. This means that the expected change of the value of Loopring is between -1.62% and 0.95% on 68 out of 100 Sundays.

Loopring increased in value on an average Monday only slightly. The average increase in value of the Loopring was 0.21%. 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 (0.93%). This means that on 68 percent of the Mondays, the change in price of the Loopring is expected to be in the range of -0.72% and 1.14%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Tuesday. The average change on a Tuesday for the Loopring is -0.13%. However, the standard deviation on this weekday is 0.89%. This means that on most Tuesdays, the change in value of the Loopring is between -1.03% and 0.76%.

On an average Wednesday, the Loopring increased 0.44%. However, since the expected deviation is 1.93%, the Loopring will decline in value on a Wednesday quiet regularly. The expected price change of the Loopring on a Wednesday is between -1.49% and 2.36%.

Loopring increased in value on an average Thursday only slightly. The average increase in value of the Loopring was 0.16%. 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 (0.70%). 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 0.85%.

On an average Friday, the Loopring increased 0.38%. However, since the expected deviation is 1.24%, the Loopring will decline in value on a Friday quiet regularly. The expected price change of the Loopring on a Friday is between -0.86% and 1.62%.

It is hard to tell whether the Loopring will increase or decrease in value on an average Saturday. The average change on a Saturday for the Loopring is -0.21%. However, the standard deviation on this weekday is 1.63%. This means that on most Saturdays, the change in value of the Loopring is between -1.85% and 1.42%.

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 -0.33% 1.28% -1.62% to 0.95%
Monday 0.21% 0.93% -0.72% to 1.14%
Tuesday -0.13% 0.89% -1.03% to 0.76%
Wednesday 0.44% 1.93% -1.49% to 2.36%
Thursday 0.16% 0.70% -0.54% to 0.85%
Friday 0.38% 1.24% -0.86% to 1.62%
Saturday -0.21% 1.63% -1.85% to 1.42%
 

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