I don't believe it's an English word. So I'm going to check a dictionary. It's not in the American Heritage dictionary.
Wait: I was wrong. it IS in the Merriam-Webster Third, Unabridged.
"Lier (1): one that lies (as in ambush).
Lier (2), archaic: var of LEHR."
The people who are most likely to say "Is that a word?" are Scrabble players, and there is a special dictionary for Scrabble players. It's compiled by Merriam-Webster for the company that manufactures the Scrabble game. According to the Official Scrabble Players' Dictionary, Sixth Edition. And it's in there, too.
"LIER n pl. LIERS one that lies or reclines."
It's also in the competing Scrabble authority, the "Tournament Word List."
So I guess it is a real English word, and it is legal to play in Scrabble. However, I haven't been able to find any examples of real use.
I don't think you should use it, because it is very rare, and almost everyone who reads it will think it is a misspelling of "liar."