I don't think Litecoin has a future long-term. It achieves nothing more than Bitcoin.
If the whole market goes up 4x soon, then yeah, LTC will hit $400.
But I don't think the market will make even 2x this year.
I must agree with you on that statement. A market is currently evolving. The holders of the LTC can only hope that it doesn't fall even more in the future. It is hard to expect such significant comeback to the 400 dollars. Even Bitcoin which hit unimaginable values last year won't recover again. One is sure - I for sure wouldn't sell it still because there is a slight chance LTC can come to 200 dollars this year.