Want to customize your default iOS
labels? Well a brand new cydia tweak is
available in Cydia called MagicLabels by that lets you colorize your homescreen
app labels and folder icon labels to any color you want.
colorize your homescreen app labels and folder icon labels to any color you want
After installing MagicLabels, you can
have options to configure in the tweak preferences from the Settings app where
you can set the colors of your app and folder icon labels you like from the 8
different color sections. You can also enable base color, shadow color and
background color and can set them individually which looks great as you can see
in the screenshot. 
you can set the colors of your app and folder icon labels you like from the 8 different color sections
You can give the nice appearance to your homescreen app and
folders labels. Likewise, you can see the save button at the top right of every
page of Magic Labels preferences which you must tap to save your any changes
you have made which will immediately respring your device to change effect.
MagicLabels is available in Cydia via ModMyi
Repo for free of cost and is compatible with iOS 9 or later.
MagicLabels has only been tested on iOS
9, and not on iPads, so it might not work on devices running iOS 8.
If your device has not yet jailbroken
then here’s simple steps on on How to jailbreak 9, 9.0.2 and
9.1
.