It’s Sunday—here’s a timely topic: is $LTC the weekend really quieter, or is it more likely to “sneak in a big green candle”?
I pulled Binance’s most recent 91 closed LTC/USDT daily candles (August 15–November 13, UTC; daily gains and losses measured from open to close) and split them into 26 weekend days and 65 weekdays:
Weekends: 13 up, 13 down, averaging +0.01% per day; the average absolute daily move was 1.10%, the average intraday range was 4.09%, and average daily trading volume was about 17.4 million USDT. Compounded over the 26 weekend days, the return was -0.33%.
Weekdays: 34 up, 31 down, averaging +0.26% per day; the average absolute daily move was 2.70%, the average range was 5.54%, and average daily trading volume was about 23.55 million USDT. Compounded over the 65 weekdays, the return was +13.18%.
The two most extreme days were both weekdays: the best was September 24, rising from 61.85 to 71.95, or +16.33%; the worst was November 5, at -8.23%. The best weekend day was September 5 (Saturday), at +7.76%; the worst was November 8 (Sunday), falling from 52.17 to 50.11, or -3.95%.
For comparison, over the same period, $BTC was up 17 days and down 9 on weekends, with an average daily move of 0.58%, versus 1.85% on weekdays. Its average range was 1.58% on weekends and 3.60% on weekdays. BTC was also clearly quieter on weekends.
A few takeaways:
1. Over these 91 days, LTC’s main moves mostly happened on weekdays. Average weekend volatility was less than half the weekday level (1.10% versus 2.70%).
2. Average weekend trading volume was about a quarter lower than on weekdays, so the market was thinner. Still, a big weekend candle like September 5’s +7.76% can happen—don’t take “weekends are always sideways” as fact.
3. The sample covers only 13 weeks, and the pattern could change at any time. Don’t treat it as a trading signal, and definitely don’t use leverage to bet on a direction over the weekend.
Over the whole period, LTC went from 43.86 to 49.38, a gain of +12.59%, while BTC gained +8.36% over the same period.
Do you still watch the charts on weekends?
I pulled Binance’s most recent 91 closed LTC/USDT daily candles (August 15–November 13, UTC; daily gains and losses measured from open to close) and split them into 26 weekend days and 65 weekdays:
Weekends: 13 up, 13 down, averaging +0.01% per day; the average absolute daily move was 1.10%, the average intraday range was 4.09%, and average daily trading volume was about 17.4 million USDT. Compounded over the 26 weekend days, the return was -0.33%.
Weekdays: 34 up, 31 down, averaging +0.26% per day; the average absolute daily move was 2.70%, the average range was 5.54%, and average daily trading volume was about 23.55 million USDT. Compounded over the 65 weekdays, the return was +13.18%.
The two most extreme days were both weekdays: the best was September 24, rising from 61.85 to 71.95, or +16.33%; the worst was November 5, at -8.23%. The best weekend day was September 5 (Saturday), at +7.76%; the worst was November 8 (Sunday), falling from 52.17 to 50.11, or -3.95%.
For comparison, over the same period, $BTC was up 17 days and down 9 on weekends, with an average daily move of 0.58%, versus 1.85% on weekdays. Its average range was 1.58% on weekends and 3.60% on weekdays. BTC was also clearly quieter on weekends.
A few takeaways:
1. Over these 91 days, LTC’s main moves mostly happened on weekdays. Average weekend volatility was less than half the weekday level (1.10% versus 2.70%).
2. Average weekend trading volume was about a quarter lower than on weekdays, so the market was thinner. Still, a big weekend candle like September 5’s +7.76% can happen—don’t take “weekends are always sideways” as fact.
3. The sample covers only 13 weeks, and the pattern could change at any time. Don’t treat it as a trading signal, and definitely don’t use leverage to bet on a direction over the weekend.
Over the whole period, LTC went from 43.86 to 49.38, a gain of +12.59%, while BTC gained +8.36% over the same period.
Do you still watch the charts on weekends?