Local Control "may" be coming via a custom driver. Keep an eye on this thread for updates.
In the meantime, you should be able to use the driver I ported from smartthings. You would first need to create a group in the Lifx mobile app and add the bulbs you wish to control in Hubitat. Then install the driver and configure using the exact name of the group you created.
This LifxGroup of Groups driver should allow you to control the temp and color as well.
