The notation $\{(-1)^n\mid {n\in{\bf N}}\}$, understood as a set, is the same as $\{-1,1\}$, which has no limit point.
However, in some context, $\{(-1)^n\mid {n\in{\bf N}}\}$ is used as a (bad) notation for the real sequence $(a_n)_{n=1}^\infty$ with $a_n:=(-1)^n$. In this case,
$x$ is a "limit point" of the sequence $(a_n)_{n=1}^\infty$
means
$x$ is the limit of some convergent subsequence of $(a_n)_{n=1}^\infty$.
Note that both $1$ and $-1$ are limits of some subsequences of the sequence $((-1)^n)_{n=1}^\infty$.
For more general discussions, see the Wikipedia article on Limit point.