This is the 74th most frequent Swedish word.
lite
"Lite" in Swedish means "a little" or "a bit" in English.
Here, 'lite' is used to indicate a small, unspecified amount of sugar.
Jag skulle vilja ha lite socker i mitt kaffe.
I would like to have a little sugar in my coffee.
In this case, 'lite' functions as an adverb to denote a slight degree of coldness.
Det känns lite kallt här inne.
It feels a little cold in here.
Here, 'lite' is used as an adverb modifying the verb 'vänta' to mean 'a short time'.