 Live. Love. ASAP received widespread acclaim from critics. At Metacritic, which assigns a normalized rating out of 100 to reviews from mainstream publications, the mixtape received an average score of 83, based on 12 reviews. Jim Carroll of The Irish Times dubbed it "a dashing statement of intent." Allmusic's Andre Barnes wrote of its appeal to hip hop purists and listeners, "For the saints, Live Love ASAP is nothing short of a guilty pleasure ... But for the aesthetically inclined, Live Love ASAP is a marvel of contemporary rap music, despite its abounding moral decay." Pitchfork Media's Jeff Weiss dubbed the mixtape a "triumph of immaculate taste" and wrote that throughout, "Rocky embodies the sweat-free cool of someone who has stolen the test and memorized the answers ahead of time." Colin McGowan of Cokemachineglow cited his ability to "command a variety of sounds" as the reason it sounds "unified without drifting into monochrome territory". McGowan viewed that, although his "Wayne-ian pattern" is not as "fluid" nor "dotted with exuberant metaphors", his sensibilities make up for technical shortcomings:
