With the update to Lightroom Classic 7.3 in April 2018, Adobe introduced changes to Lightroom Develop presets. The files they are saved as were changed from .lrtemplate to .xmp extension and their location on the hard disk was changed to the following; 
C:\Users\[user name]\AppData\Roaming\Adobe\CameraRaw\Settings 
~/Library/Application Support/Adobe/CameraRaw/Settings 
Old format files were automatically converted and moved to the new location when you loaded the new version of Lightroom for the first time. If you import old format templates into a newer version they are automatically converted at import time. 
If like me you are not a Lightroom user (I just use Photoshop), the other advantage is that the presets imported into Lightroom automatically become available in the Presets tab in Adobe Camera Raw (see Figure 1).

Fig 1 - ACR Presets Panel

 So, if you are a Photoshop user who has obtained some Lightroom presets, just run Lightroom and import them to make them available in Adobe Camera Raw.
This article was first published in the August 2019 issue of Artists Down Under magazine.
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