Yes, that is true and it's a very useful feature of ITensor.
One caution though: while Trotter gates are excellent for short range Hamiltonians or Hamiltonians with further-neighbor terms, for truly long-range Hamiltonians where there is a non-zero interaction connecting every pair of sites (so N^2 interactions in total for N sites), then it can be much more efficient to use a technique based on MPOs, such as the TDVP technique. So I would definitely recommend TDVP for truly long-range Hamiltonians or cases like quasi-2d systems.
Best regards,
Miles