Frontend components are frontend, so until JavaScript is the only viable option, the answer is yes.
LiveView is a channel to pass data back and forth between backend and frontend in a very performant and size-effective way, that hides all the complexity involved, making it astonishingly simple to get started.
The presentation layer it's up to the developers.
Wanna react to a change?
setup a `phx-*` event
Wanna handle some custom event?
Setup a hook [1] [2]
[1] https://hexdocs.pm/phoenix_live_view/js-interop.html
[2] example of reacting to Monaco editor events: https://github.com/BeaconCMS/live_monaco_editor#fetching-the...