This is the 26th most frequent Latvian word.
ļoti
"Ļoti" means "very" in English.
Here, 'ļoti' is used to intensify the degree of liking "garšo".
Man ļoti garšo šokolāde.
I like chocolate very much.
In this context, 'ļoti' modifies the adjective "auksts" to indicate the intensity of the coldness.
Ārā ir ļoti auksts.
It is very cold outside.
Here, 'ļoti' emphasizes the adverb "labi" to denote the extent of understanding.