League Cup: They've already won it.
FA Cup: In the final against Chelsea. Liverpool looks to be getting better as the season progresses (3 total losses in 54 games), while Chelsea gets worse (4 losses in the last seven games).
UCL: In the semi-final against Villareal, who is a massive underdog. As much as I love the Villareal story, Liverpool has a better team and coach. More importantly, with an easier path than Manchester City, Liverpool can take more care in the league.
Premier League: 1 point behind Manchester City with five games to go. Admittedly, Manchester City has the more manageable remaining games, with their opponents having an average position of 11th compared to Liverpool's opponents at 9th. However, Manchester City has a much harder Champions League semi-final to contend with in Real Madrid, opening the door for the club that has never won a European Trophy to pay more attention there and slip up in the league. And I know Liverpool still has a FA Cup final in the background, but the club's attacking depth is arguably the best in Europe. Sadio Mane, Mo Salah, Diogo Jota, Luis Diaz, and Roberto Firmino are all capable of game-winning world-class moments. Not to mention Mr. Clutch in Divock Origi.