In Chrome 88, some changes were made to Largest Contentful Paint to bring its implementation in line with the updated specification.
The definition change was the following: image or text content which is later removed from the page is now considered valid largest contentful paints. Source code for this change.
Before this change, an element being removed caused it to no longer be considered a valid LCP candidate. In particular, if the current LCP candidate was removed from the site, this would immediately cause a new LCP candidate to be found among the content remaining on the page.
After this change, an element being removed is still considered a valid LCP candidate. What this means is that if this candidate is removed then we do not need to immediately find a new LCP candidate. In particular, a new LCP candidate is only dispatched when a larger size is found, so the LCP entries should have size values that only increase over time.
It's worth noting that while the change was made for the web API in Chrome 88, some tools which display real user metrics lagged behind this change, as we provided both LCP values (using the old definition and using the new one) to these tools while they make the necessary adjustments to swap to the new definition.
Chrome 88 is currently scheduled to be released the week of January 19, 2021.