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This study introduces a video compression method that uses spatio-temporal lifting based algorithms to compress the video signals. The temporal correlation of consecutive frames causes temporal redundancies, which are subject to lifting-like motion predictive compression. Similarly, neighboring pixels are correlated in each frame. A 3D lifting-based method that exploits both of those correlations might be used. In this study, block-based motion compensation is added to the normal 3D lifting method. Domain of motion compensation is first selected as free, and then reverse-symmetric. It is observed that reverse-symmetric motion compensation improves the performance of the 3D lifting coding.