From Bulbapedia, the community-driven Pokémon encyclopedia.
League Points, or more often known as LP, are a special sort of currency introduced in Pokémon Scarlet and Violet similar to Battle Points. They can be obtained by interacting with crystal caverns, defeating Team Star bases, or exchanging TM Materials. At most item shops, they can be used to buy items in place of Pokémon Dollars, however they cannot be used at auctions. They are also used to make TMs to teach moves. They are denoted with the 
Symbol.
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See also
Symbol.
