Now when I battle liches I might actually have a chance of not dying instantly from their spells (even with my Spell Absorption: General innate ability, they still tend to kill me really quick. I also am only level 4.)
If you're fourth level and you see a lich, your best bet is your trusty Staff of Recall.
Or hoping the lich will kill itself with its spells.
I've never made myself enchantments, nor have I really used any enchanted items. I prefer to go the warrior's way or the thief's way. Either charging and hoping to survive, or sneaking around with a bow.