An LED projection lamp includes a light-emitting assembly and a main body. The light-emitting assembly at least includes a light source for generating light, and a rotating body disposed on a light path of the light for enabling the light to present a first effect. The main body includes an accommodating cavity for accommodating the light-emitting assembly. The main body includes a lens and a light-transmitting sheet, the lens emits a light having the first effect, and the light-transmitting sheet emits the light. A light-blocking member is disposed on an outer portion of the light-transmitting sheet, a light-transmitting hole is defined on the light-blocking member, and the light-transmitting holes enables the light to present a second effect.