What is LTP in stock trading?

LTP stands for Last Traded Price, the price at which the most recent actual transaction in that stock or contract took place on the exchange. It’s different from the bid price (the highest price a buyer is currently willing to pay) and the ask price (the lowest price a seller is currently willing to accept), since LTP reflects a completed trade, not a standing offer. In a liquid, actively traded stock, LTP updates almost continuously throughout the session as new trades happen, but in a thinly traded stock or option, LTP can stay static for a noticeable stretch between trades, since there’s simply no new transaction occurring to update it. You check LTP alongside the bid-ask spread and market depth when you want a fuller picture, since LTP alone tells you the last price something traded at, not necessarily the price you’d get if you placed an order right now.