With the start of holidays thought of starting the long forgotten habit of reading novels and story books again. lit files are confined to the windoze platform and are readable using MSReader. Searched for something in GNU/Linux to read lit files. There is no direct software to read lit files but there is something called convert lit which can be used to convert the lit file into html and opf and can be read on any platform. Convertlit can be downloaded as a single zip file from convertlit.com and is released under GPL. Installation is not a difficult task if u have libtomcrypt installed. libtomcrypt is a library that provides a rich set of integer functions that can be used for many crytpgraphic applications. libtommath can be downloaded from math.libtomcrypt.com. Once that is installed convertlit (clit) can be installed by using the following step.
1) Download the clit18src.zip file from convertlit.com and unzip it. Unziping it will produce a Readme file and two folders, lib and clit18.
2) $cd lib
4) $cd ../clit18
5) Change the Makefile and set the correct path of libtommath.a
6) $ make
That would install the clit in the system. The lit file can be converted using "clit filename.lit dirname/". To know more about the three mode of operations and about the command line options follow the unix tradition of "clit --help".