Liverpool travel to Germany for the second leg match against Bayern Munich after a goalless draw at Anfield.
Liverpool are at full strength as Virgil van Dijk is back in the side after suspension with Mohamed Salah, Roberto Firmino and Sadio Mane will all be named.
On BT Sport, Ferdinand said: “I think it’s going to be a great game and a great occasion. It’s a chance for Liverpool to say we are in this tournament and put in a good performance against an aging, declining Bayern team,”
“It is 50-50, but the happier camp’s got to be the Liverpool team.
“You get an away goal and I think they’re in the driving seat. They can sit back and think their front three can destroy Bayern. “Van Dijk is back too to marshal the backline, Liverpool have got to be the confident team going into this.”