Well it doesn't keep the voltage from going too high, but it does help with it going low.
When you pull a lot of current through a circuit the voltage will 'droop' or 'sag'. LLC provides a curve that based on current load, to increase the voltage. This can lead to overvoltage scenarios for brief periods as the timing isn't perfect since it can't predict exactly what the CPU load will be in any given moment.
Sometimes it only takes a little LLC to make a computer more stable, sometimes it is a lot. I think I have mine on High (I also have a Gigabyte Aorus)
On my last chip, only one notch was required (ASUS)
There are plenty of overclocking guides out there if you want to do a deep dive on Coffeelake.