In beta, it works only for Android devices...
For Android :
npm install -g cordova-livereload
In a cordova based project directory
cordova-livereload
From another directory
cordova-livereload <path to a cordova-based project>
Choose devices and / or emulator to livereload
cordova-livereload -list-devices
or
cordova-livereload -l
With custom cordova commands
cordova-livereload cordova run android --nobuild --target=Android_7.1.1