To determine the radius of the $Li^{2+}$ ion in its ground state, we need to compare it with the Bohr model of the hydrogen atom, which can be applied to hydrogen-like ions. The formula for the radius of an electron orbit in a hydrogen-like atom is given by:
r_n = \frac{n^2 \cdot a_0}{Z}
where:
For a ground state electron (n=1) in a hydrogen-like ion:
For hydrogen (H, with atomic number 1):
r_1^{\text{H}} = \frac{1^2 \cdot 0.53 \mathring{A}}{1} = 0.53 \mathring{A}
For Li^{2+} (with atomic number 3):
r_1^{\text{Li^{2+}}} = \frac{1^2 \cdot 0.53 \mathring{A}}{3} = \frac{0.53 \mathring{A}}{3} = 0.177 \mathring{A}
Upon rounding 0.177 \mathring{A}, we arrive at the nearest option, which is approximately 0.17 \mathring{A}.
Thus, the correct answer is $0.17 \mathring{A}$, which corresponds to option 1.