as per title, my question is: Does Android provide any way to analyze/determine if a color (that will be obviously dynamic for the purpose) is light or dark?
Android doesn't provide it, you can implement a method to determine this. Here a method to do that:
public boolean isColorDark(int color){
double darkness = 1-(0.299*Color.red(color) + 0.587*Color.green(color) + 0.114*Color.blue(color))/255;
if(darkness<0.5){
return false; // It's a light color
}else{
return true; // It's a dark color
}
}