Latest VLC?

[rokytnji]

You are not missing anything

Code:

$ inxi -r
<snip>
aily-trusty.list
           deb http://ppa.launchpad.net/videolan/stable-daily/ubuntu trusty main
$ apt-cache policy vlc
vlc:
  Installed: 2.1.6-0ubuntu14.04.1
  Candidate: 2.1.6-0ubuntu14.04.1
  Version table:
*** 2.1.6-0ubuntu14.04.1 0
        500 http://us.archive.ubuntu.com/ubuntu/ trusty-updates/universe i386 Packages
        500 http://security.ubuntu.com/ubuntu/ trusty-security/universe i386 Packages
        100 /var/lib/dpkg/status
     2.1.4+git20150226+r54594+19+11~ubuntu14.04.1 0
        500 http://ppa.launchpad.net/videolan/stable-daily/ubuntu/ trusty/main i386 Packages
     2.1.2-2build2 0
        500 http://us.archive.ubuntu.com/ubuntu/ trusty/universe i386 Packages
$ cat /etc/issue
Linux Lite 2.6 LTS \n \l

even using VLC ppa in my sources.list gives me that vlc version in Linux Lite 2.6 so you are not missing anything.