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How much time does a limit order last on Binance for Litecoin exchanges?

avatarJames McCoyNov 26, 2021 · 3 years ago3 answers

Can you please provide more information about the duration of a limit order on Binance for Litecoin exchanges? How long does it typically last?

How much time does a limit order last on Binance for Litecoin exchanges?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    A limit order on Binance for Litecoin exchanges typically lasts until it is either filled or canceled by the user. The duration of a limit order depends on various factors such as market conditions, liquidity, and the specific price and quantity set in the order. It is important to note that limit orders do not have an expiration time like some other order types.
  • avatarNov 26, 2021 · 3 years ago
    When you place a limit order on Binance for Litecoin exchanges, it will remain active until it is executed or manually canceled. This means that if the conditions are not met for the order to be filled, it can stay open for an indefinite period of time. It's always a good practice to regularly review and manage your open orders to ensure they are still relevant to your trading strategy.
  • avatarNov 26, 2021 · 3 years ago
    According to BYDFi, a limit order on Binance for Litecoin exchanges has no specific time limit. It will stay active until it is filled or canceled. This allows traders to set their desired price and wait for the market to reach that level. However, it's important to monitor your orders and make adjustments if necessary, as market conditions can change rapidly.