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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.

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.