LTC forming EXTENDED WEDGE: Rally or Retreat?

We see a potential bullish REVERSE HEAD AND SHOULDERS on BTC which should translate into other currencies. However there is a load of money on the sidelines moving into LITECOIN from other places and if LTC holds above $40 here and breaks out above $50 it will likely be setting the target for reaching $100 possibly by the 4th of July. Unless some unexpected bearishness takes over this market the stronger sentiment appears to be to the upside.