EDIT: This is a major revision in light of sources provided by @ErickWong's comment.
The summatory Liouville function (OEIS sequence A002819) is $$L(n)=\sum_{1\le k\le n}(-1)^{\Omega(k)}\quad (n=1,2,3,\ldots)$$ where $\Omega(k)$ is the number of prime factors of $k$ counted with multiplicity. Thus $L(n)$ is the sum of the "parities" ($+1$ if even, $-1$ if odd) of the first $n$ values of $\Omega.$
Here is a plot of the first $10^9$ values of $L$, including overlays of some approximating curves:
The overlays are as follows:
A "central" curve (gray) ${\sqrt{n}\over\zeta({1\over 2})}$ whose functional form is suggested by Tanaka's 1980 proof (mentioned here and proved here) that $\ L(n)-{\sqrt{n}\over\zeta({1\over 2})}\ $ changes sign infinitely often as $n\to\infty.$
A "sinusoid" (red) which oscillates about the central curve with increasing "wavelength" and amplitude: $$\hat{L}(n) = {\sqrt{n}\over\zeta({1\over 2})}\left( 1 + \sqrt{1\over 2}\,\sin\left(t_1\ln(n) + 2.75\right) \right) $$ where $\zeta$ is the Riemann zeta function and $t_1$ is the imaginary part of the first nontrivial zero of $\zeta$. Thus $\zeta({1\over 2})=-0.684765236\ldots$ and $t_1=14.1347251\dots.$ The occurrence of $t_1$ in the argument of the sine function is suggested by the "summary description" of a Wikipedia plot here. I've adjusted the parameters of the sinusoid, including amplitude and phase, to obtain a visual fit.
Q1: The mentioned "summary description" cites this paper ("On Differences of Zeta Values"), which proves an asymptotically oscillatory behavior of the coefficients in a certain series representation of Riemann zeta. How does this lead to a zero of Riemann zeta appearing in $\hat{L}?$
Q2: Can it be shown that regular oscillatory behavior of $L(n)$ persists for arbitrarily large $n$?
NB: This behavior says nothing about how often $L(n)>0$ may occur (such as the "spike" in the plot at $n\approx 9\cdot 10^8$); i.e., it may be independent of whether $L$ changes sign infinitely often.

The summatory Liouville function is defined as follows where $\Omega(n)$ is the number of prime factors of n counted with multiplicity.
(1) $\quad L(x)=\sum\limits_{n\le x}\lambda(n)\,,\qquad\lambda(n)=(-1)^{\Omega(n)}$
The OP's "central" curve (gray) and "sinusoid" (red) are related to the explicit formula for $L(x)$ illustrated in formula (2) below (see THE EXPLICIT FORMULA FOR $L_o(x)$ By A. Y. FAWAZ).
(2) $\quad L_o(x)=\frac{\sqrt{x}}{\zeta\left(\frac{1}{2}\right)}+\sum\limits_{k=1}^\infty\left(\frac{\zeta\left(2\,\rho_k\right)}{\rho_k\,\zeta'\left(\rho_k\right)}\,x^{\rho_k}+\frac{\zeta\left(2\,\rho_{-k}\right)}{\rho_{-k}\zeta'\left(\rho_{-k}\right)}\,x^{\rho_{-k}}\right)+I(x)\,,\quad x>0$
Consider the function $f(x)$ defined below which represents the primary growth term plus the contribution of the first non-trivial zeta zero pair $\rho_1=\frac{1}{2}+i\,14.1347$ and $\rho_{-1}=\frac{1}{2}-i\,14.1347$.
(3) $\quad f(x)=\frac{\sqrt{x}}{\zeta\left(\frac{1}{2}\right)}+\left(\frac{\zeta\left(2\,\rho_1\right)}{\rho_1\zeta'\left(\rho_1\right)}x^{\rho_1}+\frac{\zeta\left(2\,\rho_{-1}\right)}{\rho_{-1}\zeta'\left(\rho_{-1}\right)}x^{\rho_{-1}}\right)$
Figure (1) below illustrates $L(x)$ in blue, the primary growth term $\frac{\sqrt{x}}{\zeta\left(\frac{1}{2}\right)}$ in gray, and $f(x)$ in red.
Figure (1): Illustration of $L(x)$ (blue), $\frac{\sqrt{x}}{\zeta\left(\frac{1}{2}\right)}$ (gray), and $f(x)$ (red)
Assuming the Riemann Hypothesis (RH):
This can be combined with $\frac{\zeta\left(2\,\rho_{-k}\right)}{\rho_{-k}\zeta'\left(\rho_{-k}\right)}=\left(\frac{\zeta\left(2\,\rho_k\right)}{\rho_k\zeta'\left(\rho_k\right)}\right){}^*$ (where $*$ indicates the complex conjugate) to derive the following result which is strictly real.
(4) $\quad\frac{\zeta\left(2\,\rho_k\right)}{\rho_k\,\zeta'\left(\rho_k\right)}\,x^{\rho_k}+\frac{\zeta\left(2\,\rho_{-k}\right)}{\rho_{-k}\,\zeta'\left(\rho_{-k}\right)}\,x^{\rho_{-k}}=\\$ $\qquad 2\sqrt{x}\left(\Re\left(\frac{\zeta\left(2\,\rho_k\right)}{\rho_k\,\zeta'\left(\rho_k\right)}\right)\cos\left(\Im\left(\rho_k\right)\log x\right)-\Im\left(\frac{\zeta\left(2\,\rho_k\right)}{\rho_k\,\zeta'\left(\rho_k\right)}\right)\sin\left(\Im\left(\rho_k\right)\log x\right)\right)\quad\text{(Assuming RH)}$
In mathematics the natural logarithm of $x$ is commonly referred to as $\log(x)$ instead of $\ln(x)$, and $\log_b(x)$ refers to the base $b$ logarithm of $x$. This is consistent with the notation generated by Mathematica when formulas are copied as Latex. Also, $\rho_k$ is returned by the Mathematica function $ZetaZero[k]$.