Bitcoin Don Pass $118K As Litecoin Dey Eye $120–$125 Breakout
Bitcoin jump pass $118,000 on Thursday, hit 2024 high before e small drop by 0.5% go around $117,430. Dis breakout boost all di crypto market, daily trading volume reach $34.5 billion and total market cap rise reach $2.35 trillion. Meanwhile, Litecoin don rally 24% in di last week, trading at $116 after e peak for $119.21. Analyst Naveed talk say Litecoin don break key technical resistance and fill fair value gap, set e next target between $120 and $125. CoinCodex predict say e go rise another 15% to $134 by August 22, 2025, supported by bullish technical indicators and Fear & Greed Index of 74. Litecoin gain for 60% of trading days dis month, show say e get volatile momentum. If Litecoin pass $125, traders expect push go $140, boosted by rising social media activity and exchange volumes. Long term forecast show possible rallies to $262 by late 2025 and test all-time high of $413, even though e fit drop below $94 because macro uncertainties.
Bullish
Di combined news highlight strong upward momentum for both Bitcoin and Litecoin. Bitcoin breakout pass $118K, plus increased trading volume and market cap growth, means say institutional demand dey rise and positive macro trends show. Litecoin 24% weekly surge, technical breakout beyond key resistance, and forecasts wey supportive dey point to more bullish moves. For short-term, traders fit make profit from targets at $120–$125 and $140 for Litecoin, while Bitcoin still dey hold above important support. Longer-term forecasts for Litecoin to $262 and possible Bitcoin to run back to record highs dey support bullish view. Volatility still dey, but market feeling dey positive.