The Uruguay international looks to exact vengeance against Arsenal on Saturday after his team went down 2-0 during their first meeting in November, and believes that a win would definitely uplift the spirits of the Reds.
"Arsenal are the leaders in the table and victory would be good for morale, give the whole squad an enormous injection and reduce the points difference at the top," Suarez told the Daily Mirror.
"We didn't have success at the Emirates, so our objective now is to win and I believe we have that chance."
Following defeats to Manchester City, Chelsea, and Arsenal, the 27-year-old forward knows that Liverpool must beat the mentioned teams to be able to contend for a place in the Champions League and to keep competition close.
"It's rare that everything could be decided on the last day, but we must keep going and to ensure that happens we need results against the other main candidates," he emphasised.