In this paper, we analyze LM-MIMO (load-modulation multiple-input multiple-output) system with single RF chain. And then, we confirm that load modulation technique can support generation of high-order m-PSK modulation and m-QAM modulation in LM-MIMO system. Finally we evaluate performance of LM-MIMO system with load modulation. Conventional MIMO system requires a number of RF chains for expansion of MIMO dimension. A number of RF chains can cause various problems. On the other hand, although LM-MIMO system is expanded, LM-MIMO system requires single RF chain only. Therefore, LM-MIMO system has low-complexity and low power consumption. As results, we can confirm that load modulation of T-model can modulate high-order m-PSK and m-QAM singal. Also, we can confirm that 4x4 LM-MIMO system using load modulation has a similar performance to conventional 4x4 MIMO system.