A Limit-if-Touched (LIT) Order is like a Stop-Limit Order, where the trader gives instruction to submit to the Exchange a buy or sell order at the specified limit price (or better) after the indicated trigger price has been touched. The difference is in a Limit-if-Touched Order, the trigger price is placed in the opposite position relative to the current market price as shown in the table below:
| Placement | Rationale | |
| Buy | Trigger Price < Current Price | Buy when price goes down |
| Sell | Trigger Price > Current Price | Sell when price goes up |