Reasons why Loki is still alive:
1. Tom Hiddleston signed a six film deal, so we can expect him to be in Avengers 4.
2. Loki is known as a ‘Silvertongue’, so his choice of words is always extremely important. So, when he says “undying fidelity”. I think this is an allusion to the fact that he is not dead.
3. Further on from the ‘Silvertongue’ point, Loki says “I promise you, brother, the sun will shine on us again”. This seems too far out of place to be a coincidence. I think Loki is trying to subtly tell Thor that he has a trick up his sleeve that may end up saving them.
4. Loki has already feigned death so many times, is it really so far fetched to think he has done it again?
5. He disappeared from the scene for several minutes and we have no idea what he was doing during that time. He then reappears super cocky and arrogant which is a direct contrast to how terrified he’d been a few minutes prior. This seems to suggest that perhaps he is using an illusion of some sort.
6. He emphasizes the fact that he is a “God of Mischief”, thus perhaps hinting to Thor that he is about to perform a trick, or to allude to the audience that all is not as it seems.
7. Loki did not change into his Jotun form after he died. This seems odd because his Aesir form is an illusion, so it should have disappeared when he died. Furthermore, there are a couple of mentions of Loki being “the rightful King of Jotunheim” and “not Asgardian”, which may be an attempt to draw the audience’s attention to this fact.
8. It was very uncharacteristic of Loki to act so impulsive by stabbing Thanos with a small dagger. It seems to me that the attack was more of a distraction than a real attack. The Loki we know would have attempted to use some sort of illusion or trick in order to attack Thanos and mean it.
9. Tom Hiddleston mentions in a recent interview that “Chaos isn’t something that’s threatening to Loki” and that “Everything is fine”. This seems to suggest that Loki is alright, and hasn’t actually died.
10. Loki’s choice of last words, “You will never be a god”, introduces the idea that maybe Loki has survived due to the fact that he’s a God, and cannot be killed so easily.
11. If the Russo brothers wanted to make Loki’s death truly believable, they would have had Loki using his illusions, and Thanos seeing straight through them and then killing him. The fact that none of Loki’s powers were used at all, makes it seem that he has perhaps feigned death.
12. Finally, I refuse to believe that Thor’s last words to Loki are “You really are the worst brother”, it just seems so wrong to me after all they’ve been through.
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