The Lev-Mar has a well-known "bug" in the termination condition IF you fail to wire the "standard Deviation Input". In this case, the standard deviation is taken as 1, which is fine except for the case where your y-data is very small (e.g. all in microvolts or nanovolts). In this case, the function is considered converged after one iteration using the initial guesses.
You have two options:
(1) (not recommended) Edit the Lev-MAR.vi and make the diagram constant in the bottom center much smaller.
(2) (RECOMMENDED!) Always wire a "standard deviation input array". In your case, just create an array with equal size as your data, initialized with numbers corresponding to the noise in your data. It does not need to be accurate, you could just take it as e.g. 10E-4 to 10e-6 times your y-range (y-max minus y-min).