Obviously there is no such functionality built in this plugin. Two options here: google for more advanced plugin or quick and dirty patching.
(function($){
$.fn.list_ticker = function(options){
var defaults = {
speed:4000,
effect:'slide'
};
var options = $.extend(defaults, options);
return this.each(function(){
var obj = $(this);
var list = obj.children();
var stopped = false; //flag if we should stop ticking
list.not(':first').hide();
obj.hover( function(){ //adding hover behaviour
stopped = true;
}, function(){
stopped = false;
});
setInterval(function(){
if(stopped) {return;} //Quick check inside interval
list = obj.children();
list.not(':first').hide();
var first_li = list.eq(0)
var second_li = list.eq(1)
if(options.effect == 'slide'){
first_li.slideUp();
second_li.slideDown(function(){
first_li.remove().appendTo(obj);
});
} else if(options.effect == 'fade'){
first_li.fadeOut(function(){
second_li.fadeIn();
first_li.remove().appendTo(obj);
});
}
}, options.speed)
});
};
})(jQuery);
Working example http://jsfiddle.net/tarabyte/8zLuY/