there are leds that have the current limiting resistor built into the led
"hp invented them" they are nice and come in 5 and 12 vlt versions
flashing leds are nice too and reduce the need for computing power
a 2 terminal bi color led can be wired between 2 outputs "you will still need a resistor "off , red , green . you can connect an led between an output and vcc/vdd so it will light when the port is low
"sometimes it dosent work with ttl because the output dosent go high enough shut off the led cmos swings all the way up
and the piv of most leds will withstand 5 vlts
an led cant withstand much reverse voltage
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