I am not too much informed on the LED lights but as far as I know they're used for night viewing of tanks. They're called moonlights. They come in different colors. I have two moonlights (white natural moon's light) over my 75 gallon tank. They're above a glass top too. Supposedly, the moonlights can be beneficial for planted tanks and saltwater tanks with corals. They're supposedly also beneficial for fish. However, I use them because I like to watch my fish at night while they're resting

(Some fish come out at night only, so these lights are great for tanks with nocturnal fish.)
My lights are not submersible. I didn't know submersible moonlights existed - this counds cool
