The spelling of the word "LIUE" may initially seem unconventional, but it is actually an archaic form of the word "live". The pronunciation of this word is represented in IPA phonetic transcription as /lɪv/. The spelling of "LIUE" reflects the spelling conventions of Middle English, which was spoken from the 11th to the 15th century. While this spelling is no longer used in modern English, it provides insight into the evolution of language and the ways in which spelling conventions have developed over time.