Yup! If the Lynel is armored however… then you probably want to head to Hyrule castle and find a great sword in the sanctum and then look for Spike ball in the overworld and merge them together with a fuse. That weapon is great for busting up the armor and you can use flurry rush to shatter Lynel’s armor.
And bonus when you have steel ball attached weapon and toss it to hit the big button switch in the shrine.