Big L, not little l. Big L is the party, little l can vary wildly, even starting out along the lines of anti-state socialists / social anarchists.
Like so many things, the modern right in the US has polluted the meaning.
For example, left libertarians will support redistribution of resources, support of green policies, and is strongly anti-war.
The Libertarian Party is just maga that… Well some of them think smoking weed is fine. And they dont want to pay taxes.
Universal healthcare, universal education to a collegiate level, and UBI replacing most/all welfare results in much less government interference/involvement and results in the greatest individual freedom via geographical/socioeconomic/employment mobility.
It’s also not incompatible with capitalism, and in fact the increased mobility will spur more entrepreneurialism.