The definition says, for every $\epsilon>0$ there exists a $\delta>0$ which is the crucial point to understand. Here is how I explain:
When $x$ tends to $a$, we are approaching a point $a$ where the value of the function is $L$, while approaching, at any arbitrary $x$ the value of the function is $f(x$). We can say we are approaching the limit $L$ only if the difference, say $df$, between $f(x)$ and $L$ decreases as the difference, say $dx$, between $x$ and $a$ decreases. This decrease in $dx$ ensures that $x$ is approaching towards $a$ and the decrease in $df$ ensures that $f(x)$ is approaching towards $L$. Which means while approaching, the differences must continuously decrease and there always is an "$\epsilon$" above $df$ and a "$\delta$" above $dx$ which ensures we are approaching the limit. Since $\delta$ and $\epsilon$ can take any positive infinitesimal value, the conditions $0<|x-a|<\delta$ and $|f(x)-L|<\epsilon$ tells that $|a-x|$ and $|f(x)-L|$ can take even much smaller positive values than $\delta$ and $\epsilon$ respectively, ensuring the approach to be very close to $L$
If we write $0<|x-a|\leq\delta$ and $|f(x)-L|\leq\epsilon$, the equality conditions gives $\epsilon=|f(x)-L|$ and $\delta=|x-a|$, which can be satisfied anywhere on the curve and the equality in either of them or in both will not ensure that the differences are still smaller than whatever value $\epsilon$ and $\delta$ takes and hence will not ensure that they are decreasing or we are approaching the limit. When we say "less than or equal to" any of the condition is satisfied, but when we say "less than" the only condition satisfied is $|x-a|$ and $|f(x)-L|$ will always remain smaller than $\delta$ and $\epsilon$ respectively and when the definition says for every $\epsilon>0$ there exists $\delta>0$ such that
$0<|x-a|<\delta\space\space\space\space$ for $\space\space|f(x)-L|<\epsilon\space$ it means that whatever value $\epsilon$ and $\delta$ takes while approaching, $|x-a|$ and $|f(x)-L|$ are still smaller than them.