The Reds trail fourth-placed Chelsea by 10 points ahead of this weekend's fixtures, and although the chance of making up the ground looks improbable in the final 10 matches the Uruguay international has not given up.
Suarez knows, however, they have to beat third-placed Spurs if they are to stand a chance.
"We've been in good form recently and it's a good opportunity to reduce the gap between ourselves and Spurs," said Suarez, leading scorer in the Premier League with 21 goals.
"There is a slight chance we can make Champions League football - and if we want to do that, this is the sort of game we need to win."
Suarez goes looking for his 50th Liverpool goal on his 91st appearance, and while he has been the team's outstanding player by netting 28 times across all competitions this season he is keen to share the praise.
"You have to work hard as a striker to get into the right positions and anticipate situations - that's important, too," Suarez told liverpoolfc.com.
"It's also evidence the team are working well and moving in the right direction as a whole - but at the same time, it is nice as a player to receive personal recognition because it means you're doing a good job."
The arrival of £12million striker Daniel Sturridge, who has scored five goals in seven matches, and Brazil forward Philippe Coutinho in January has given the side a boost.
Suarez and Sturridge, in particular, have struck up a successful partnership instantaneously.
"Things have been going really well with Daniel, but not only him - there's also Philippe," added the Uruguayan.
"They have both brought something and maybe given us an extra cutting edge.
"They are players who can make a difference in a game, so it's been nice to link up with them.
"The lads who were here before their arrival were doing a fantastic job, but now we have more options as a team."
Manager Brendan Rodgers believes Suarez can break Robbie Fowler's Liverpool record of 28 goals in a Premier League campaign as he closes in on becoming only the second player in the last 16 seasons, after Fernando Torres in 2007-08, to score 30 for the club across all competitions in a campaign.
"The thing with Luis is he is really hungry and I would expect him over these last 10 games to go close to it (Fowler's record)," said the manager.
"He is on 21 goals now and with 10 to go there will be more from him and if there is not what you know is he will give 150% on the field and won't give any defenders a moment's rest.
"He is a master marksman who has been really efficient this season but we are not a one-man team as that is disrespectful to our other players who have been outstanding."