Long-range corrected time-dependent density functional theory (LC-TDDFT) has been applied to compute singlet vertical electronic excitations of oligothiophene molecules and their dimers and compared with the algebraic diagrammatic construction method to second order [ADC(2)], a wave function-based polarization propagator method. The excitation energies obtained from both methods agree to each other excellently. In particular, energetics of charge transfer states is concertedly reproduced. The linear response (LR) and the state specific (SS) approaches have been evaluated to appraise solvent effect on excited states. Benchmarked by the reference wave function method, the necessity of the SS treatment is justified in the prediction of charge transfer (CT) states under the TDDFT framework.