LCD stands for “liquid crystal display” and technically, both LED and LCD TVs are liquid crystal displays. The basic technology is the same in that both television types have two layers of polarized glass through which the liquid crystals both block and pass light. So really, LED TVs are a subset of LCD TVs. LED, which stands for “light emitting diodes,” differs from general LCD TVs in that LCDs use fluorescent lights while LEDs use those light emitting diodes. Also, the placement of the lights on an LED TV can differ. The fluorescent lights in an LCD TV are always behind the screen. On an LED TV, the light emitting diodes can be placed either behind the screen or around its edges.