The club's home ground is the Gradski Stadion, which has a capacity of 8,100 seats, electric floodlights and permission to stage European matches.

A notable player during this period was Plamen Linkov, who broke the club's appearance record, playing 575 matches and scoring 167 goals respectively.

In 1990, after Bulgaria's transition to market economy, privately owned company LEX became the main sponsor of the club.

During the first decade of the 21st century, Litex won the Bulgarian Cup four times—in 2001 after defeating Velbazhd Kyustendil 1–0 in extra time, in 2004 against CSKA after a penalty shoot-out, in 2008 after a 1–0 win over Cherno More Varna,[1] and in 2009, after a 3–0 thrashing over Pirin Blagoevgrad.

Before the start of the 2008–09 season, Litex lost the Bulgarian Supercup final with 0-1 from CSKA Sofia after a goal from Kiril Kotev in the 65th minute.

A season later, Litex again failed to win the Bulgarian Supercup final, this time against domestic title holders Levski Sofia.

In 2009–10, Litex became champions of Bulgaria for the third time in their history, finishing the season with 12 points advantage over the runners-up CSKA Sofia.

[3] On 12 August 2010, Litex defeated Beroe 2–1 to finally secure the Bulgarian Supercup, the last remaining domestic trophy never won before by the club.

[4] In the summer of 2015, Grisha Ganchev stepped down from his position as an owner, only to reallocate his main investments to Bulgarian football club CSKA Sofia, which was struggling financially with unpaid debts during the time.

The squad also played in the 2016–17 Bulgarian Cup, eliminating First League outfits Slavia Sofia and Cherno More on their way to the semifinals,[12] where Litex lost to reigning five-time champions Ludogorets Razgrad on an aggregate score of 0–11.

On 17 May 2024, Litex Commerce JSC announced that they will return the ownership of the club to the Lovech Municipality and the team would drop the company name.

Built in 1962, the ground underwent a total reconstruction in 1999 and was brought to a suitable standard to host international matches later that year.

New side stands with roof covers were built and the media sectors were expanded in order to meet the UEFA guidelines for Champions League matches.