Step 1: Go to the Playlists Tab
Then click on the New Playlist button.

Step 2: Edit
Click on the Edit button, which is displayed in the image below, and then proceed with the next steps.

Step 3: Playlist Setting
Click on Setting If you want to change color then click on it.
You can Turn on/off the privacy option. The default duration is 30 Minutes for links and 10 Seconds for images. Set it according to your requirements.

(Note:- Before you click on Save changes, make sure you have entered Playlist Name and relevant tags.)
Color box
Select a specific color that you want. Click on OK.
Don't forget to click on Save Changes.

There you have it. Your playlist changes have been successfully changed.

Video Guide on How To Change Color Of Your Playlist