@santaang,
Good guessing along with a bit of familiarity with the LC.
The LC commonly relates to major site events. For at the last 4 weeks, it has been related to the Altador Cup, so it was reasonable to think it might be again.
This week, we have groups of words and are asked to find the missing word. So, we have various possibilities for word puzzles when they don't tell us what to do:
1. Ciphers - each letter can stand for another letter - had one of those a couple of weeks ago. The LC has also had cases where multiple letters turn into a single letter.
2. Items in Neopia (where items can be people, places, activities as well as actual items). Had this a couple of months ago where the words were names of stained glass windows in order of rarity. Given how short and common the words in the collection are, my instinct said this wasn't very likely this week.
3. Words from some text on Neopets. A few weeks ago the words were the nouns and pronouns from one of the new releases about the Altador Cup. I did a quick scan of all the news releases, but as I expected, they didn't repeat the same thing.
4. Anagrams. Five rows of words, each about 10-12 letters. That seemed like a reasonable possibility. The next question would be what could be scrambled. I checked, but it wasn't names of AC teams.