Lithuanian and Latvian is not slavic and Slovio would not be understood by their native speakers.
I speak Latvian, russian and a bit of Polish. I could easily imagine a Slavic interlanguage, as knowing russian helped a lot with Polish. Learning russian took a lot of effort, though.
So, besides having a bunch of shared nouns, adding Baltic languages to the mix does not make much sense IMO. Despite having a shared ancestor (in theory), Baltic languages are not very mutually intelligible with Slavic.
Edit:
And also, if it does take on this impossible mission, it should at least be called Balto-Slovio.
I find it hard to imagine such a language, as the languages really are far off from each other.