Located in the small mountain valley of the Ljubostinja river, the monastery is dedicated to the Holy Virgin.

[1] In Ljubostinja were buried Princess Milica, Lazar Hrebeljanović's wife and Nun Jefimija, which after the Battle of Kosovo became a nun along with a number of other widows of Serbian noblemen, who lost their lives in the battles on the river Maritsa and Kosovo Polje.

After the collapse of rebellion, Turks burned the monastery as an act of revenge against the Serbs, and most of the frescoes were destroyed.

In the narthex are portraits of Prince Lazar and Princess Milica made by Hieromonk Makarije.

Ljubostinja was declared a Monument of Culture of Exceptional Importance in 1979, and it is protected by Republic of Serbia.