Since we are talking about the premier league, there are many possibilities for any team. There is a chance for a team to come back and take the title from Liverpool before the season ends. Don't forget we already saw the same story in the past, but generally, I think Liverpool is very much motivated and since Klopp is going to leave the team in the end of this season he wants to win the trophy with his team before it gets too late.
But I think the main competitor for Liverpool is currently Arsenal because now Arteta is even more experienced and he can have a better performance than last season by the player they bought.
Generally, I think predicting the winning this season can be very hard but I still go for Liverpool.
On the one hand, sometimes I hope that Arteta can make Arsenal lift the trophy this season in the EPL. But on the one hand, I also feel that Klopp deserves to have precious memories with Liverpool this season as Klopp's last season with Liverpool. So I also hope that Liverpool will win the title this season. but if you look at Arsenal's current performance then I also feel that Arsenal is the real challenger this season for Liverpool. But Man City could also repeat their success like last season. Last season Arsenal also almost won the title but Man City overtook them at the last moment. Yes, it is a very painful memory for Arteta but he must also be proud of being able to take Arsenal that far last season. So Arteta is more motivated this season to win.