Shared ground
These lines present a value judgment that drives a vow: God’s “lovingkindness” is portrayed as more precious than life itself, and that evaluation produces ongoing praise. The logic is explicit in the text (“Because…,” then “So/Thus…”). Praise is expressed in speech (“my lips”) and in embodied action (“lift up my hands”), suggesting worship involves both words and posture.
The speaker also frames praise as durable: “while I live” presents blessing God as a continuing commitment, not a single emotional moment. “In your name” keeps the action directed toward God as God is known and acknowledged, rather than toward an undefined spiritual feeling.
Where interpretation differs
What “better than life” means. Some read it mainly as strong poetic overstatement to say God’s loyal love is the highest good. Others read it as a more literal priority claim: even if life is threatened, God’s loyal care is still valued above survival.
What “lovingkindness” points to. Some take it in a broad sense (God’s mercy/favor). Others hear a more specific idea: God’s steady, covenant-shaped loyalty toward his people.
What “in your name” highlights. Some think it stresses God’s reputation and revealed character; others emphasize praying and worshiping under God’s authority, or with reference to God’s known presence.
Whether lifted hands implies public or private worship. It can be read as a public posture associated with gathered worship, or as a personal prayer posture that could occur anywhere, including in the wilderness.
Why the disagreement exists
The passage is poetry, so its comparisons (“better than life”) can carry both emotional intensity and real-life priority at the same time. Also, the key phrases (“lovingkindness,” “in your name,” lifted hands) are short and flexible, so readers weigh broader biblical usage and the psalm’s setting differently when deciding how specific each phrase is.
What this passage clearly contributes
The text clearly connects theology to response: because God’s loyal care is valued above life, praise follows as a reasonable result. It also portrays worship as both verbal (“lips”) and physical (raised hands), and it frames blessing God as something meant to persist “while I live,” even when normal supports (place, safety, routine) are disrupted (see the wilderness context in Psalm 63:1).