Nope, I don't think there is. Lightwave never seemed to like GIFs (probably because they'd have to pay a stupidly high license fee to Unisys to actually implement a loader for them).
You should be able to load in your sequence images though (as JPEGs - although these wouldn't necessarily be my choice of image to load for a sequence - TIFFs or TGAs would be a better choice). You need to ensure that your images have filenames in the following format: <basename>nnnn.<ext> where nnnn is the frame number (this can be any number of digits, as long as its consistent) - just select the first frame, and then check the box in the image editor...
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