Litecoin has been around for a long time but I don't remember it being more than $40 even back in 2013. Its kinda interesting that it didn't pump more during the bitcoin rally this year while ETH skyrockets without ever having a real correction. I think it has a good use case in terms of usability like micro payments while bitcoin is more a store of value like a digital gold. $400 or even $100 dollars is overly optimistic but who knows...it does have Segwit.
IMHO, the managers of that currency waited too long to make some changes, it looks like things are going to change from now, in that case, it can go back to second place but for how long?