The midfielder has made 26 appearances in all competitions for the Reds, despite battling for a spot with club captain Steven Gerrard, Joe Allen, Jonjo Shelvey, Lucas Leiva and Nuri Sahin, who departed for Borussia Dortmund earlier this month.
And the 22-year-old, who arrived from Sunderland for £16 million in the summer of 2011, believes the stiff competition for places at Anfield has driven him on to improve as a player.
“I think we’ve got a lot of good players in the team so it’s a headache every week for him – and that’s a good thing!” he told the club's official website.
“It makes everyone push on in training and try to improve, so if we keep playing like that we’ll be alright.”
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“They’re world-class players and there’s a lot of movement in front of me,” he added. “They’re always available to give the ball to so it makes it easier for the midfielders.
“Daniel is a really talented player. He’s scored a few goals and played well too. He’s a big plus for us and he just needs to keep working hard and keep going forward."
Liverpool now find themselves level on points with Arsenal having played a game more, and Henderson is convinced they can still mount a late charge for the Champions League places.
“The top four is a realistic aim, but we just have to take each game as it comes, keep chipping away as we have been and hopefully get a good finish to the season,” he concluded.