LTC Breaks Key Resistance: A Bullish Signal for Litecoin’s Future

The cryptocurrency market is witnessing significant movements, with Hedera (HBAR) and Litecoin (LTC) leading the charge. HBAR has surged nearly 9% to $0.2513 as of August 6, with traders anticipating a breakout above $0.27, potentially rallying toward $0.30 and beyond. Meanwhile, LTC has broken through a critical resistance level at $119, signaling renewed strength and bullish momentum. This article delves into the latest developments and future prospects for these promising digital assets.

Crypto Market Heats Up with HBAR, LTC, and BlockDAG Making Waves

Hedera (HBAR) is showing bullish momentum, with its price surging nearly 9% to $0.2513 as of August 6. Traders are eyeing a potential breakout above $0.27, which could pave the way for a rally toward $0.30 and beyond. The $2 target by 2025 remains ambitious but hinges on broader adoption of Hedera's enterprise-grade network.

Litecoin (LTC) has broken through key resistance at $119, signaling renewed strength. The altcoin's performance is being closely monitored as it seeks to capitalize on its recent momentum.

BlockDAG (BDAG) is stealing the spotlight with its 10 BTC auction and a presale token price of $0.0016. The project's low entry point and upcoming exchange debut have drawn significant attention from investors.

CoinDesk 20 Index Rises 2.4% as SUI and POL Lead Broad Crypto Rally

The CoinDesk 20 Index climbed to 3,923.39, marking a 2.4% gain amid a sector-wide advance. Every constituent asset traded higher, with SUI and Polygon's POL token surging 6.3% and 6.2% respectively. Bitcoin underperformed with a modest 0.9% increase.

Market breadth turned decisively positive as traders positioned across large and mid-cap tokens. The index's global multi-exchange composition reflects growing institutional participation in crypto markets, with derivatives platforms seeing heightened activity.

Trump Executive Order Opens $12.5 Trillion 401(k) Market to Crypto and Alternative Assets

President Donald TRUMP will sign an executive order today directing federal regulators to ease access for 401(k) plans to include private equity, real estate, and cryptocurrencies. The move targets the $12.5 trillion U.S. retirement savings market, potentially unlocking vast retail allocation pools for asset managers.

The Department of Labor is tasked with reevaluating fiduciary guidance under ERISA, coordinating with the SEC and Treasury to enable broader investment options. This marks the most significant policy shift yet to incorporate alternative assets—including digital currencies—into mainstream retirement products.

The directive builds on regulatory rollbacks since early 2025, including the May rescission of a 2022 compliance bulletin that had imposed restrictive standards on crypto offerings in retirement plans. Fiduciaries now operate under ERISA's principles-based framework once again.

Crypto Market Sees Broad Gains as Altcoins Outperform Bitcoin

The cryptocurrency market rose over 1% in the past 24 hours, with Bitcoin struggling to maintain momentum above $115,000. While BTC edged up marginally to $114,560, altcoins led the charge—Ethereum gained nearly 2% to $3,690, Solana jumped 3% toward $170, and XRP climbed 2% to $3.

Japan's SBI Holdings has applied to list XRP and bitcoin ETFs on the Tokyo Stock Exchange, potentially beating US regulators to approve the first XRP-focused fund. The move signals growing institutional adoption in Asia as global crypto ETF competition intensifies.