The goal of the present paper is to discuss the reliability of a strain-based multiaxial Low-Cycle Fatigue (LCF) criterion, recently proposed by some of the present authors, in estimating the fatigue lifetime of metallic structural components weakened by sharp notches. Such a criterion, based on the critical plane approach, is formulated according to the control volume concept related to the Strain Energy Density (SED) criterion: a material point located at a certain distance from the notch tip is assumed to be the verification point where to perform the fatigue assessment. The above distance is assumed to be a function of both the biaxiality ratio (applied shear stress amplitude over normal stress amplitude) phase angle between transversal normal strain t and axial normal strain z ur , ut , uz direction cosines of u -axis vr , vt , vz direction cosines of v -axis wr , wt , wz direction cosines of w -axis phase angle between shear strain zt and axial normal strain z a Manson-Coffin shear strain amplitude zt shear strain angle between the averaged principal strain direction 1 and the normal w to the critical plane