Liquid chromatography-mass spectrometry (LC/MS) is a major technique for the analysis of complex samples. Data processing for LC/MS untargeted analysis is very challenging due to the presence of asymmetric, co-eluted at trace-level peaks. We report a multivariate curve resolution approach based on entropy minimization to resolve LC/MS data. Our liquid chromatography band-target entropy minimization (lc-BTEM) approach enables automated resolution of complex LC/MS peaks without the requirement of any parameter inputs. We demonstrated the performance of our approach on a co-eluted and trace-level peaks in an American ginseng extract. Consequently, we were able to putatively annotate the presence of more than 50 ginsenosides. The extracted pure mass spectra and in-source fragments information further enabled the annotation of [M+H]+, [M+H-Neu]+ and [M-H]- ions. This approach is expected to benefit LC/MS untargeted analysis and data independent analysis of complex samples.