Good point. I was going for SQL-Lite. But being wrong (and hearing enough people say "lie-nux" [and to be clear, I am not mocking ... we read things and form our own pronunciation because we often don't hear them said] ...) I decided to google it.
This isn't necessarily authoritative or well researched, but it appears that S-Q-L-Lite is correct: http://blog.cleverly.com/permalinks/247.html