Account Live com password reset process is required to be performed when you forget your password and lock yourself out of your Microsoft account. Before you proceed to this process, one thing you should recall is if the two-step authentication is on or off. In the first case, you have to go to account.live.com/password/reset page; whereas, in the second case, you have to visit account.live.com/acsr.
One thing common in both these ways of resetting the Account Live com password reset is that you will get a password reset code, which will be further used to reset your password. If the two-step authentication is enabled, then it is your registered email address or phone number that can be used to reset the password.
On the other hand, if the two-step authentication feature is disabled, then you have to provide an alternate email address to reset your password. During the process, if you experience a glitch, then reach out to the team of experienced Microsoft support professional by 888-315-9712.