I recently provisioned a Virtual Machine in a KVM Hypervisor with a typo in the name. Even worse I also created the storage LV with a typo. Here is how I fixed it. Off course shut the VM down first.
LV Rename
Renamed "oldLVname" to "newLVname" in volume group "VolumeGroup"Change reference to storage in VM XML
Domain oldVMname XML configuration edited.
# grep newLVname oldVMname.xml <source dev="/dev/VolumeGroup/newLVname"></source>Recreate VM
# virsh undefine oldVMnameDomain newVMname has been undefined
# grep newVMname /tmp/newVMname.xml newVMname <source dev="/dev/VolumeGroup/newVMname"></source>
# virsh define /tmp/newVMname.xmlDomain newVMname defined from /tmp/newVMname.xml
# virsh list --all Id Name State---------------------------------- 7 aVMname running - newVMname shut off
# virsh start newVMnameDomain newVMname started