Question Can I livestream games on YouTube? Or can I even record smooth gameplay. ?

Apr 15, 2019
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My PC Specs are :-
  1. Windows 10 Enterprise Edition 64 Bit.
  2. Ram - 4GB DDR3
3.Processor :- Intel Core i3 5005U CPU @ 2.00GHz
4. Graphics Card :- Intel HD Graphics 5500.

Laptops name :- Asus X540LA (in case this helps.
Also which software would be best for recording/streaming with such a low end pc ?
 
That system is more for watching streams than playing games and streaming from. If you just bought it for games and can return it, do that. You need to spend a few more $100 to get a system for gaming, something with either the newer 7 Rizen at least or an nVidia GTX 1050 or better video card.