Liverpool were dumped out of the EFL Cup at the semi-final stage on Wednesday night at the hands of Southampton.
And their Premier League form has taken a huge hit over the past few games, leaving them 10 points behind leaders Chelsea.
The Reds face the possibility of being out of the running for any silverware this season when they face Wolves tomorrow (12.30pm) in the FA Cup fourth round before a title showdown with Chelsea on Tuesday.
Sheyi Ojo believes Liverpool can bounce back soon
Liverpool have won just once in their last seven games
But 19-year-old Ojo is confident that Liverpool will turn their fortunes around sooner rather than later.
"We've got a good spirit within the squad so everyone is helping each other out through the good and the bad," Ojo told Liverpool's official website.
"We're going through a bit of a tough period but I'm sure we'll bounce back.
Liverpool predicted XI to face Wolves in FA Cup
Thu, January 26, 2017
Express Sport brings you Liverpool's predicted XI to face Wolves in the FA Cup
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Who will Jurgen Klopp start against Wolves in the FA Cup?
"Anything can happen in football. One minute, we're losing and everything is going against us, and the next minute we're winning and everything's going well.
"We've got to keep just doing what we're doing in training and listening to the staff and hopefully the results will come."