After a glorious attacking display in the first leg, Liverpool did exactly what they had to do in Manchester and deservedly took their place in the semifinals of the competition for the first time in 10 years.
But the City manager felt it could have been a different outcome if decisions from the officials had gone his team's way in both matches.
Lovren admits that he hopes to avoid back-to-back Champions League winners Real Madrid in Friday's semi-final draw but insists Liverpool, too, should now be feared by Europe's elite.
Continuing from where the pair left off in the first leg, the second leg saw Alexander-Arnold and Leroy Sane battle it out down the right flank. That's why he sent me off. "It would have been different to go in 2-0".
"But whoever we get will find it hard to come to Anfield and score some goals".
"When the teams are so equal the impact of these decisions is so big", lamented Guardiola.
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Speaking to BT Sport after the match, the City manager spoke witheringly of Mateu Lahoz's officiating. It was one of his worst games in the City shirt, as everything he touched either came off poor or he was adjudged offside.
Over £500 million on transfer fees alone has been pumped into preparing City's squad for the latter stages of the Champions League in two seasons under Guardiola.
Spanish TV station, Antena 3, have alleged that Guardiola shouted at Lahoz: "That was a penalty, watch it on the tele". I didn't say any wrong words, it was wrong to send me off.
City's bad week after also blowing the chance to seal the Premier League title against local rivals Manchester United at the weekend was rounded off 13 minutes from time when Otamendi was caught in possession and Firmino slotted in off the far post.
"They deserve to be champions but we are in good shape now and hopefully we can go to the final and it can be a good season for us".
We have to recover mentally.
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"You can not imagine how much intensity you feel before a game like this", he said.
Roberto Firmino then sealed a win for the ages for the Reds, allowing them to make another Champions League semi-final.
But it was Jurgen Klopp who continues to shun the allure of flashy cars for an Opel, despite earning £7 million-a-year.
"It was quite hard tonight, again especially with the start". If you could say something about us in the past, on an average day we lose cheap goals.
"I was shouting a bit at half-time".
Defender Dejan Lovren has lifted the lid on the dressing room exchanges which sparked Liverpool into a second-half comeback against Manchester City.
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"Over two legs, I really feel we deserve".