The TC spectrum, at a prime p, of this is the homotopy pullback of a diagram
S1wedge(Sigmainfty+LambdaX)hS1toSigmainfty+LambdaXleftarrowSigmainfty+LambdaX
after p-completion. Here the left-hand map is the S1-transfer from homotopy orbits back to the spectrum and the right-hand map is the difference between the identity and the "p'th power" maps on the loop space.
This is in Bökstedt-Hsiang-Madsen's original paper defining topological cyclic homology, in section 5.
ADDED LATER: This doesn't really work on the space level, because they don't have all the structure necessary. They have the F maps, but not the R ones which only come about from stable considerations. Spaces with a group action really only have one notion of "fixed points," namely the honest fixed points of the group action.
However, the associated equivariant spectrum of LambdaX is built out of spaces like
OmegaVSigmaVLambdaX=Map(SV,SVwedgeLambdaX+)
where V ranges over representations of S1. This has two "fixed-point" objects for any cyclic group C: there's the fixed points, which is the space
MapC(SV,SVwedgeLambdaX+)
of equivariant maps. There is also the collection of maps-on-fixed-points
Map((SV)C,(SVwedgeLambdaX+)C)
which is called the "geometric" fixed point object, and it accepts a map from the ordinary fixed points. The fact that (LambdaX)CcongLambdaX implies that you can interpret this as a map (QLambdaX)Cto(QLambdaX) where the latter uses an accelerated circle. These maps give rise to the R maps in the definition of TC, and they definitely rely on the fact that you're considering the associated spectra.
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