Liverpool are favourite for all the competition that they're still in as they're not slowing down but playing very well and defeating every club that they come across. I can't remember last time that I saw Liverpool losing and they're also scoring good goals in all their games. The premier league is theirs already as no club can challenge them. Arsenal that was trying, has just lost the race and can now only try to stay in the top 4 as other clubs are also trying their best to stay consistent in the top 4 position. For the champions league, it'll be very hard for Liverpool as some other stronger clubs are still participating in the champions eague with hopes of winning.
Hopefully this time, Salah gets recognition he truly deserves. If Liverpool wins the Premier League, were able to pass and win the Champions League because I know that one will be tougher and controversial and then lastly win the major African cup which is regarded as Afcon, then there is big hope for him to win the Balon D'or, they can't even deny him of that privileged award unless they want to be bias again like how they are used to manipulating the award and given it to the wrong person.
Other than that, if Liverpool wins the Premier League other players that are key player to the team can negotiate with a better wages that's if the team want them to say. I'm talking about Van Dijk including Salah too. They are going to have their contract coming to an end by the end of the season. I'm not even sure if the club will risk losing them to go if they don't give them better payment. I forgot to add Alexander, he is among the player that has contract expiry like other players.