I'm pretty sure that lv is not a standard Linux/Unix command. Are you talking about the Multilingual File viewer? If so, then take a look at the documentation for that program:
http://www.ff.iij4u.or.jp/~nrt/lv/.
If you are wondering if ther is a difference between uppercase and lowercase letters, then the answer is yes. Uppercase l option does not do anything.
I didn't find a command line option for "-L", but the command line option for "-l" is used to make regexp-searches ignore case, which is actually the default action (according to their site).
If you are not referring to this program, then please specify, as I could not find another program you could be referring to.
~Justin