Here are the steps to create a livestream on YouTube:
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Sign into your YouTube account (Google account).
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Go to YouTube.com/webcam to launch a livestream.
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You can make your livestream public or unlisted.
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You can allow live comments from the audience or disable that feature.
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When you have completed your livestream it will be saved in your YouTube account.
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Go to the Creator Studio in your YouTube account to edit your recorded livestream by trimming the beginning and end, enhancing the audio, or enhancing the lighting in your video.