I'm asking this to see if my reasoning makes sense. Assume $\{a_n\}$ is a bounded sequence, then $\lim\sup$ and $\lim\inf$ exist. I'll show this for $\lim\sup$ as it seems pretty straight forward:
Because there exists a least upper bound $a$, then $a_i \leq a$ for all $i$. Thus for all $\epsilon>0$ we see that $a_i< a + \epsilon$. Assume that there exists some $b$ such that $a_i < b + \epsilon < a + \epsilon$. Then $b < a$. This is a contradiction as $a$ is the least upper bound. Thus $a$ is the smallest real number such that for all $\epsilon >0$, $a_i<a+\epsilon$ for all $i$. Thus for all $\epsilon >0 $ there exists $N\in\mathbb{N}$ such that $a_n<a+\epsilon$ for all $n>N$. Thus $a+\epsilon$ is the $\lim\sup$.
Thanks