Since the LCAL side will be doing the off the street hiring well before LUAL, I'd look at the last LCAL mins:
1,500 hours fixed-wing total flight time
1,000 hours fixed-wing PIC time, or 500 hours PIC time and 500 hours SIC time in a turbojet
1,000 hours fixed-wing turbine time
1,000 hours fixed-wing multi-engine time (civilian or military) or 1,000 hours single-engine military fighter jet time
Successfull completion of the ATP written exam
A current first class FAA medical
A Bachelor's degree is highly desired
From:
Continental Posts Pilot Minimums ! ! ! | Jetcareers
If you meet the mins, definitely apply. I wouldn't wait for 'competitive' mins; simply update your app on a regular basis. Last time, LCAL used airlineapps. com. You could get a start on filling out the app and then when the window opens, shoot your app in.
All the best to you.