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It is useful to be able to find out which NTLM versions your SharePoint site is configured to use. This applies if you are using the IWA (NTLM only) configuration. See our guides for SharePoint 2007 and for SharePoint 2010.

You can find which NTLM version is used in your registry key: HKEY_LOCAL_MACHINE\SYSTEM\CurrentControlSet\Control\LSA\LMCompatibilityLevel.

Once you have the registry open, determine the value data (0 - 5):

Level

Group Policy Name

Sends

Accepts

Prohibits Sending

0

Send LM and NTLM Responses

LM, NTLM

NTLMv2 Session Security is negotiated

LM, NTLM, NTLMv2
NTLMv2 Session Security (on Windows 2000 below SRP1, Windows NT 4.0, and Windows 9x)

1

Send LM and NTLM---use NTLMv2 session security if negotiated

LM, NTLM
NTLMv2 Session Security is negotiated

LM, NTLM, NTLMv2

NTLMv2

2

Send NTLM response only

NTLM
NTLMv2 Session Security is negotiated

LM, NTLM, NTLMv2

LM and NTLMv2

3

Send NTLMv2 response only

NTLMv2
Session Security is always used

LM, NTLM, NTLMv2

LM and NTLM

4

Send NTLMv2 response only/refuse LM

NTLMv2 Session Security

NTLM, NTLMv2

LM

5

Send NTLMv2 response only/refuse LM and NTLM

NTLMv2, Session Security

NTLMv2

LM and NTLM

Source Microsoft TechNet Magazine

More detailed discussion can be found here.