LiveScript is a language which compiles to JavaScript. It has a straightforward mapping to JavaScript and allows you to write expressive code devoid of repetitive boilerplate. While LiveScript adds many features to assist in functional style programming, it also has many improvements for object oriented and imperative programming.
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Pros
Pro Designed for High-level functional code
LiveScript has terse syntax for common functional operations like map, and ships with a library, prelude.ls, with many of the functions most commonly used by functional programmers.
Pro Good amount of programmer flexibility
There's a huge range of features that can make common tasks faster.
Pro ECMA 6 Features
It is the declared goal of LiveScript’s creators to track ECMAScript 6. Hence, the language gives you ECMAScript 6 plus type annotations (which are optional).
LiveScript's module syntax is currently a bit behind the ECMAScript 6 specification (something that will be fixed eventually). It supports two module standards: CJS (Node.js) and AMD (RequireJS).

Pro Fixes coffeescript scoping issues
=
is used to declare variables in the current scope, in order to redeclare variables of outer scope :=
is used. This way bugs are reduced.
Pro Supported by WebStorm and Visual Studio
Cons
Con Strong functional lean
LiveScript is designed to be a high level functional language. For people who prefer a more imperative approach it can be hard to get used to.
Con Compiles to unreadable javascript
JSON.stringify(
each(upCaseName)(
sortBy(function(it){
return it.id;
})(
(function(){
var i$, ref$, len$, ref1$, j$, len1$, ref2$, results$ = [];
for (i$ = 0, len$ = (ref$ = table1).length; i$ < len$; ++i$) {
ref1$ = ref$[i$], id1 = ref1$.id, name = ref1$.name;
for (j$ = 0, len1$ = (ref1$ = table2).length; j$ < len1$; ++j$) {
ref2$ = ref1$[j$], id2 = ref2$.id, age = ref2$.age;
if (id1 === id2) {
results$.push({
id: id1,
name: name,
age: age
});
}
}
}
return results$;
}()))));
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