Is this normal

for that type of charger the led should transition from red to blue, and from memory it charges one cell at a time (ie the led's should change 1 at a time)

however, my caveat for this is i had the exact same charger and it killed one of my LiFe batteries when one of the charging circuits died after about 6 months use (so it was only charging 2 out of 3 cells), and i've heard of about half a dozen other instances on here of folk having the exact same issues, so i would advise you consider ditching it for a proper charger like the much reccommended imax B6

 
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There's something wrong with it and/or the battery if they're alternating. For a 2 cell battery they should be red-red-blue when charging, then change to red-red-red when both cells are full. 

 
hmm, if they're alternating that doesn't sound promising.

if it were me i'd hook the battery up to a checker and see what it's coming out at, there may be hope if it's the charger has just decided to give up.

 
As others always say bin it and get a ‘proper’ charger .

 
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