Here's the apparent actual source of the song:
https://www.watzatsong.com/en/name-that-tune/616462.html
The guy who recorded it think it's a song called "Love" by Glory. Whenever I search that in YouTube, I get countless Peter Cetera results. The only Glory I'm familiar with is "Danger In This Game" Glory which I seriously doubt is the same artist. A band member lineup would really help out.
As for Lostwave, Lostwave music isn't exactly always New Wave. Lostwave is just a term used to describe an obscure song one hears on the radio and can't Google the lyrics or use an app to identify it. Lostwave could be literally any musical genre so long as it takes digging to find out the identity of the song.