diff --git a/instrumentation/opentelemetry_phoenix/CHANGELOG.md b/instrumentation/opentelemetry_phoenix/CHANGELOG.md
index d309648..9d14159 100644
--- a/instrumentation/opentelemetry_phoenix/CHANGELOG.md
+++ b/instrumentation/opentelemetry_phoenix/CHANGELOG.md
@@ -1,5 +1,19 @@
 # Changelog
 
+## 1.2.0
+
+### Features
+
+* Add support for LiveView courtesy of @derekkraan
+
+### Fixes
+
+* Do not set a span as errored for exceptions, only based on 5xx HTTP status
+
+### Changed
+
+* Minimum supported Elixir version changed to 1.11.
+
 ## 1.1.1
 
 ### Fixes
diff --git a/instrumentation/opentelemetry_phoenix/README.md b/instrumentation/opentelemetry_phoenix/README.md
index 73f227e..d7e3764 100644
--- a/instrumentation/opentelemetry_phoenix/README.md
+++ b/instrumentation/opentelemetry_phoenix/README.md
@@ -22,11 +22,16 @@ may be supplied.
 ```elixir
 def deps do
   [
-    {:opentelemetry_phoenix, "~> 1.1"}
+    {:opentelemetry_phoenix, "~> 1.2"}
   ]
 end
 ```
 
+It is high recommended to also install [OpentelemetryCowboy](https://hex.pm/packages/opentelemetry_cowboy) to capture the full
+request lifecycle. Phoenix only handles part of the request lifecycle which can lead
+to incomplete request durations and lost traces for requests terminated at the socket
+level or before reaching Phoenix.
+
 ## Compatibility Matrix
 
 | OpentelemetryPhoenix Version | Otel Version | Notes |
diff --git a/instrumentation/opentelemetry_phoenix/mix.exs b/instrumentation/opentelemetry_phoenix/mix.exs
index 2de8532..2813aef 100644
--- a/instrumentation/opentelemetry_phoenix/mix.exs
+++ b/instrumentation/opentelemetry_phoenix/mix.exs
@@ -1,7 +1,7 @@
 defmodule OpentelemetryPhoenix.MixProject do
   use Mix.Project
 
-  @version "1.1.1"
+  @version "1.2.0"
 
   def project do
     [