The best LKL clubs are also annual participants of the top European-wide basketball competitions, including the top-tier level EuroLeague.

Below is a complete record of how many teams played in each season throughout the league's history: Žalgiris directly enters the EuroLeague as a licensed club.

This association would soon be renamed to Lietuvos krepšinio lyga (LKL) due to legal issues, also announcing there that would start in the upcoming fall.

Their main rival during those years was Atletas Kaunas led by Saulius Štombergas and a young Žydrūnas Ilgauskas acquired from Žalgiris' youth team.

In 1999 Žalgiris, led by Tyus Edney, became the first Lithuanian team to win the top European basketball competition, the EuroLeague title.

In the 1999–2000 season, Lietuvos rytas shocked defending EuroLeague champions Žalgiris by ending their dominant run.

Despite a familiar ending, the season was marked by the growing competitiveness of the league, Neptūnas joined Žalgiris and Lietuvos rytas as a powerhouse and this edition saw a couple of upsets and close games from teams such as Pieno žvaigždės and Juventus Utena.

Team from Kaunas was led by all around sharpshooters in James Anderson and Artūras Milaknis who averaged 15.3 and 14.3 points a piece.

Six 2015–16 LKL season teams participated in the European tournaments: Žalgiris (EuroLeague), Lietuvos rytas and Neptūnas (EuroCup), Juventus, Pieno žvaigždės, Šiauliai (FIBA Europe Cup).

In the playoffs, Neptūnas shocked everyone, by beating Rytas in the semifinals, and reaching the finals for the second time in club history.

The 2016–17 LKL season off-season saw the rise of Lietkabelis, as tensions between FIBA and the EuroLeague resulted into them receiving a wild card as replacement in the EuroCup and greatly improving their roster which included signing the Lavrinovič twins (Darjuš and Kšyštof).

A record of 8 Lithuanian teams competed in a European tournament that season, which added to the ever-improving competitiveness of the league.

In the LKL semifinals, Lietkabelis beat Lietuvos rytas 3–1, to advance to the finals for the first time - they lost to Žalgiris 4–1.

During the 2019 FIBA Basketball World Cup qualification, happening during the season, many LKL players debuted in the national team to play the games.

Rytas won the King Mindaugas Cup, while BC Neptūnas finished the regular season in second place, earning home-court advantage for the semifinals for the first time in club history.

In the playoffs, while Žalgiris and Lietkabelis beat their opponents in sweeps, Rytas struggled against BC Juventus, 2–1, while Neptūnas defeated SkyCop 2–1.

In the semifinals, Žalgiris easily swept Lietkabelis 2–0, while Rytas shocked Neptūnas with an even easier 2–0 sweep, even without home-court advantage.