In order to study the microdynamics of translational and orientational motion of ions in liquid electrolytes, a molecular dynamics simulation of molten LiNO3, which includes all degrees of freedom of vibrating nitrate ions, has been performed. Simple Coulomb pair potentials with Born-type repulsions have been adopted in the simulation. The calculated properties include: translational velocity and force correlation functions, rotational correlation functions, and angular momentum and torque correlation functions. The nature of the ionic motion is analyzed in terms of quasioscillation and quasilibration. Local structures surrounding nitrate ions, which can be characterized by, e.g., the coordination number, are found to persist for a long time (∼1 ps). The coupling between the environmental structure and the translational and orientational behaviors of a given nitrate ion has been examined through selectively sampled correlation functions. We found that the change of coordination number enhances the translational diffusion and the rotational diffusion is slow if the coordination number remains low. This shows that the dynamics are very sensitive to the exact shape of the potential and the dynamics itself. Results of the simulation are compared with the experimental diffusion constants and dynamical behaviors revealed by Raman spectroscopy. While the interionic interaction assumed has been found to describe quite well the static structure of molten LiNO3, simulated translational diffusion and rotational relaxation seem to be somewhat too fast, suggesting too shallow an attractive well in the potential we have assumed.