Can I perform color trace with LXI Expert?
Yes, the software supports color tracing. According to the official description, you can perform scanning and auto-tracing, inlines & outlines and the Contour Cut Mark.
You can check the features on the following link: https://www.signwarehouse.com/p/vinyl-express-lxi-expert-12-vinyl-cutter-sign-making-software
On the same page, click on the Video tab to see an overview about it.