Is this all I need to be able to fish like live scope

This package comes with the HDS-7 Live and a 3-in-1 transom mount transducer that does side/down and chirp sonar. If you want to have imaging like livescope, you will need to purchase the Active Target bundle, https://www.boemarine.com/lowrance-activetarget-live-sonar-w-transom-mount-transducer.html or the newest Active Target 2 bundle, https://www.boemarine.com/lowrance-activetarget-2-live-sonar-w-transducer-module-xdcr-mounts.html.