Lepton flavor violation in tau and mu processes is studied in the littlest Higgs model with T-parity. We consider various asymmetries defined in polarized tau and mu decays. Correlations among branching ratios and asymmetries are shown in the following lepton flavor violation processes: mu+ --> e+ gamma, mu+ --> e+ e+ e-, mu- A --> e- A (A = Al, Ti, Au and Pb), tau+ --> mu+ gamma, tau+ --> mu+ mu+ mu-, tau+ --> mu+ e+ e-, tau+ --> mu+ P (P = pi0, eta and eta'), tau+ --> mu+ V (V = rho0, omega and phi), tau+ --> e+ gamma, tau+ --> e+ e+ e-, tau+ --> e+ mu+ mu-, tau+ --> e+ P, tau+ --> e+ V, tau+ --> mu+ mu+ e- and tau+ --> e+ e+ mu-. It is shown that large parity asymmetries and time-reversal asymmetries are allowed in mu+ --> e+ e+ e-. For tau lepton flavor violation processes, sizable asymmetries are possible reflecting characteristic chirality structure of lepton flavor violating interactions in this model.

64 pages, 15 figures, v2; Version to be published in PRD