The Reds take on their English rivals in the International Champions Cup in Pasadena, California in the early hours of Thursday morning (4.35am BST), as they continue their pre-season preparations.
Conte took over from departed interim coach Guus Hiddink this summer, after leading Italy to the quarter-finals of the European Championship in France.
“Liverpool are one of the best teams in the league and I’m sure can fight to win the title,” he told reporters.
“Jurgen Klopp has already worked with this team for nine months, and it’s very important for him and Liverpool to understand each other.
“It’s important to work and have the time to transfer your methods and ideas of football.”
“It’s very difficult to go in during the season when a manager was sacked. It’s not easy,” he continued.
“You must transfer your ideas in a bit of time and it’s difficult.
“But last season was very important for Klopp and the players. The players know Klopp and he knows the players.
“It’s important to transfer your idea of football and to have the identity of the player.”
Klopp has added seven players to his squad so far, in Loris Karius, Alex Manninger, Joel Matip, Ragnar Klavan, Marko Grujic, Sadio Mane and Georginio Wijnaldum, as he looks to mould a group to realise his tactical ideals.
The German will no doubt play down suggestions Liverpool could challenge for the Premier League title in his first full season with the club, with top four a more realistic aim.
But Conte continued to stress they would be “one of seven or eight teams that can fight at the end to win the title.”
“Liverpool have a good team, good manager, good football, high intensity, good organisation,” he explained.
Liverpool supporters will be given their first real taste of what Klopp’s new-look side can achieve at the Rose Bowl on Thursday morning, with a host of summer internationals included.
Meanwhile, Mamadou Sakho has been sent back to the UK, with Klopp holding reservations over his attitude, and Brad Smith also returned, with the Australian set to complete a £6 million move to Bournemouth on Wednesday.