My LXpanel looks like this:

As you can see the Opera window is selected and the LXterm is deselected. Black font color for LXterm. This is what I want to change to make it visible when I make the LXpanel transparent and have a black background. Selected Window font color is changeable. No problem there.
From what I gathered I should be able to change color in LXappearance -> Color tab. That's a no go. It looks like this:

I have tried changing all black colors to something else and also the background for selected items but none of these seems to affect the one I want.
Am I missing something here, is it configurable somewhere else or what is going on?