Assuming the "main" LED has a current-limiting resistor, a window comparator circuit (two comparators testing different cases) across that resistor can give three indications:
Too much voltage - LED is shorted or power source voltage has increased beyond normal levels or current-limit resistor is open
Too little voltage - LED is open or power source has failed / been turned off / gone away
Just right voltage - normal operation
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Too much voltage - LED is shorted or power source voltage has increased beyond normal levels or current-limit resistor is open
Too little voltage - LED is open or power source has failed / been turned off / gone away
Just right voltage - normal operation
ak

