Well yes somewhat. What I got in mind is so:
Input of audio signal --> filters --> audio amplification to set level --> audio turns on the transistor which drives the LED's.
In the case of the audio amplifier, is it possible to amplify a signal to a specific level and not exceed for example more than 100mV?
But besides all that, I feel confident about this project, but in saying that I haven't actually started prototyping it so I am not even sure it will work!