LyricsFX will enable you to automatically search for and view lyrics.
3D accelerated graphics and smooth scrolling and highlighting is used to display the lyrics in perfect sync with the music. Lyrics are automatically fetched from the internet, and are cached for future use. Several popular lyric databases are searched, and more are automatically added.
A powerful lyrics editor is included to easily add timestamps to your lyrics. Additional features include mouse gesture support and a standalone lyrics browser.
Supports .txt, .lrc, Lyrics3v1, Lyrics3v2 and ID3v2.
LyricsFX is a visualization plug-in for Winamp that can automatically search for lyrics, matching the currently playing song. It searches a large selection of lyrics sites (customizable) and includes a lyrics editor, as well as line highlighting, beat detection and integrated visualization display (optional). LyricFX also supports lyrics that are embedded in ID3v2 and Lyrics3 tags.
* Supports text, .lrc as well as lyrics embedded in the mp3 (Lyrics3v1, Lyrics3v2 and ID3v2.x)
* Automatically search several popular lyrics databases to find the lyrics
* Stores downloaded lyrics for offline viewing
* Accurately highlight and smoothly scrolls lyrics with timestamps
* Supports Mouse Gestures
* Includes a powerful lyrics editor to easily add lyrics and timestamps to your music collection
* Displays a 3D accelerated visualization along with the lyrics

The license of this software is Freeware, you can free download and free use this audio utility software.