I assume there are not many people who are thinking that Liverpool have really a good chance to win the Champions League title. As long as being in the competition, every team have a chance lower or higher to make it. But when we think realistically, it is very hard for Liverpool to be successful on it this season.
It is very natural for Liverpool supporters to want their team to win the Champions League this season. But I'm sure most people realize Liverpool's
chances of winning the Champions League trophy are small. Because as you say if we think realistically about the performance Liverpool have shown
this season, very difficult Liverpool managed to win the Champions League trophy. Moreover, Liverpool have to face some of the best European teams.
I won't be so sure because Liverpool clearly has a single purpose remained for this season and that is to win UCL but trust me they will do anything they can to reach the finals and then whatever happens is another story but I do think Liverpool will give 200% for their UCL games. They are facing Real Madrid who is currently not in a great shape and we all know that a team who plays a football style like Liverpool ( Bayern, Dortmund , City ) will create scoring chances and most probably they will score.
My favorite to win is still City.