Yes. In Lightroom, your edits are usually stored in the Lightroom catalog, and sometimes also in an XMP sidecar file for proprietary RAW formats. The safest workflow is to move or rename photos and folders from inside Lightroom’s Library/Folders panel, not in your operating system’s file browser. That keeps Lightroom aware of the new location and preserves the edits.

If you’ve already moved the RAW files outside Lightroom, Lightroom may show them as missing. You can usually reconnect them by using Library > Find Missing Photos or by clicking the question mark on a missing image and pointing Lightroom to the photo’s new folder/location.

If you use XMP sidecar files, make sure the .xmp file moves with the RAW file; otherwise Lightroom may lose metadata stored there. In short: move files within Lightroom whenever possible, or relink missing files afterward, and keep any sidecar files with the RAWs.