yes.LTC can reach 400$ again. its depend on bitcoin price. i think next few months market rally start. so i hope 400$ is nothing.
I do not think LTC can reach $ 400 this year because most people are scared of this market and are feeling down about their investment. Personally I would not invest in LTC and invest only in Bitcoin because Bitcoin is more stable than all other altcoin and can liquidate well on all major exchanges.