don't know about the abilities of your burner but normally you'd do it this way:

start alc
insert cd
start the copy-wizard
choose your reader (the lite-on)
set profile to safedisc
change read-speed to 4x
click on next

after the image is done (which could take some time depending from your hardware...) you should burn it using again the safedisc profile, using 4x speed...

give it a try...