While I am not certain of the etymology of the name, given language barriers in worlds I have not visited, I can identify the Latin root word 'luce' as 'daylight', and if I recall, 'Bolido' is Spanish for 'meteor'. So not totally unlike the Equestrian version.

As for me, no. I am in no way related to Twilight, though I have been compared to her a number of times.