We're now tenth in the Premiership after Saturday's results but three points would leapfrog us back over Southampton and Charlton and leave us level with both the Anfield men and Blackburn on 46 points.
"We've got to bounce back from our last performance," insisted Glenn. "We're at home and it's a massive game for us.
"We've still got big ambitions to get into Europe, there are 27 points available and we've got to go on a run. If that starts against Liverpool, against a side who are striving for a strong finish as well, then it would be an ideal platform."
Liverpool's season has taken a sudden turn for the better after another disappointing winter saw them go from early pacesetters to title also-rans.
They lifted the Worthington Cup against Manchester United to book a European place next season and look favourites to progress in the 'battle of Britain' UEFA Cup quarter-final having drawn at Celtic on Thursday.
Glenn added: "They are in good form whereas a few weeks ago people were saying they were under the weather - that's how it goes in the Premiership.
"They are a good side, they are building and they already have one domestic cup this season. They could add the UEFA Cup as well.
"But we've got a good record at the Lane and it's about how we approach the game.
"My only concern is that we've seven players injured and two suspended and the potential of this squad hasn't really been seen. That is frustrating."
Glenn Hoddle says victory against Liverpool today would be the perfect platform to relaunch our European bid.