As for me, I think easiest way here is to create table/query for second static list. Something like this:
with LOV2 as (select 1 return_value, 'One' display_name, 1 lov1_id from dual union all
select 2, 'Two', 1 lov1_id from dual union all
select 3, 'Three', 1 lov1_id from dual union all
select 1, 'Apple', 2 lov1_id from dual union all
select 2, 'Pear', 2 lov1_id from dual union all
select 3, 'Orange',2 lov1_id from dual union all
select 1, 'Almost none', 3 lov1_id from dual union all
select 2, 'None', 3 lov1_id from dual)
select display_name, return_value
from LOV2
where lov1_id = :P_LOV1_VALUE
And use this query as source of LOV2.
UPD
Go to Shared Components -> User Interface -> Lists of Values. Click Create, then From scratch. Then you can see a field Type, where you can select static or dynamic type. Static list is a list where you directly values to display and return values. Dynamic list is a result of SQL query. Every list have two fields: display_value - a value which user see on the screen and return value - a value which you will get in your PL/SQL code. Also LOV can be named - it is a LOV, created in Shared Components section (you can use it on many pages, and when you change it, it will changed everywhere). To use named LOV on a page open item's properties, in section LIST of Values choose name of required LOV in field Named LOV.
My query above is a source for dynamic LOV, you can create a named LOV with it or use in LOV definition on a page.