The feel-good factor under Coyle has revitalized Bolton, while Hodgson finally had a week to enjoy since he took over at Liverpool.
Although disappointed to grab just a point against Wigan, the hosts' eighth spot in the table has been well earned, with the bitterness from Gary Megson's reign now just a memory.
Liverpool would kill to be in the same place after a disastrous beginning under Hodgson condemned them to 18th. But following a draw in Napoli and a win against Blackburn, the slow climb up the standings could continue if all three points are claimed.
Bolton will be looking to reverse recent history after having become Liverpool's whipping boys.
The Anfield outfit have enjoyed a six-match winning streak against their weekend opponents after they previously traded results in the early part of the decade. Coyle will be keen to arrest the slide to continue the push into the upper echelons of the table.
What the Scot will not target is the disappointment of last season's 3-2 defeat at the Reebok under Megson. Bolton failed to follow up taking the lead twice and fell to a late Steven Gerrard strike.
Manager Owen Coyle is able to call on all his big hitters for the visit of Liverpool on Sunday afternoon.
Despite the hot-tempered draw at Wigan Athletic last weekend, no fresh injuries have reared their heads. Squad men Ricardo Gardner (thigh), Andy O'Brien (hamstring) and Jlloyd Samuel (calf) still remain sidelined for the coming weeks, with Joe O'Brien (knee) and Sean Davis (knee) out for lengthier periods.
Ivan Klasnic has been named in the matchday squad after his arrest and bail this week.
Stuart Holden will most likely be in his now familiar role in the middle of the pitch for Bolton.
Probable starting XI: Jaaskelainen; Steinsson, Cahill, Knight, Robinson; Lee, Holden, Muamba, Petrov; Elmander, Davies.
The Reds travel to the Reebok with a midweek reserves defeat to Huddersfield Town having had an impact on boss Roy Hodgson's options.
A knock to Ryan Babel (ribs) that demanded hospital treatment has put his place in jeopardy. More positively, Fabio Aurelio (Achilles) enjoyed a 60-minute run out.
Daniel Agger (illness) is believed to be back in contention, with Glen Johnson (hamstring) has been handed an outside chance. Dirk Kuyt (ankle) is still a week away from a return.
Probable starting XI: Reina; Carragher, Skrtel, Kyrgiakos, Konchesky; Maxi, Gerrard, Lucas, Cole, Raul Meireles; Torres.