A literature review (or lit review, for short) is an in-depth critical analysis of published scholarly research related to a specific topic. Published scholarly research (the "literature") may include journal articles, books, book chapters, dissertations and theses, or conference proceedings.
A solid lit review must:
Peer-reviewed or scholarly journal articles are written in a very specific organized and formal way. If you haven't spent much time with this type of literature, this video provides some tips for reading journal articles.
So, the lit review is an integral part of the research process that helps you:
Fully understand your topic
Develop your own research ideas
Demonstrate your knowledge
It's part of what's called the "scholarly conversation," the network of research studies that tell the story of relationships and connections in a discipline. Your research will become part of this conversation.
Literature reviews may appear as the introduction to a journal article or as an in-depth "review article" or as part of a graduate student's dissertation or thesis.