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. However, in a LIT Order, the trigger price is placed in the opposite position relative to the current market price as shown in the table below:
|Buy||Trigger Price < Current Price||Buy when price goes down|
|Sell||Trigger Price > Current Price||Sell when price goes up|
Similarly, you need to follow the right placement of the Trigger Price so that your LIT Order will be valid.