I personally don't like Livestream because of how laggy it is.
I currently use OpenBroadcaster, or OBS. OBS lets you stream at a higher quality(all of this depends on the speed or your internet connection) without using so much CPU like Livestream Procaster. If your computer or internet connection is having trouble recording the livestream, then you can set a specific bitrate at which it's recording(for both audio and video!). With OBS, you can livestream on several websites. I am currently streaming on twitch.tv, but websites like picarto.tv are good as well.
Once you get used to it, OBS allows for easy scene editing, and choosing which section of your screen you wish to record without much trouble. Setting up the program may be a bit tricky, but there are many tutorials online, and I'd be glad to help if you message me!
Picarto.tv allows you to set your channel to "18+" if you draw nsfw, and such. There aren't any caps for viewers for both websites that I know of. Unlike Livestream, your channel will be listed in the channel listings without having to "verify" it.
Picarto.tv and twitch.tv allows you to appoint mods and the likes as well.
As for my experience with Livestream..personally I believe that customer service is HORRIBLE. That's the main reason why I switched over because I was not getting any help at all with my questions.
Here is a question that was never answered prior to switching to OBS.
I have yet to experience any issues using OBS on twitch.tv and picarto.tv
Hope all of this information is helpful to you!