The invention discloses a wireless locating method based on a long-term evolution signal system, and a terminal, belonging to the field of location technology. The method comprises the steps of: using the terminal to receive a locating signal which is sent by a base station and carries navigation message, wherein the navigation message comprises locating information which at least comprises the height information and the air pressure value at the base station and time synchronization error correction information; acquiring the navigation message carried in the locating signal; and locating according to the locating information in the navigation message. The invention can be used for receiving the locating signal which is sent by the base station and carries the navigation message, acquiring the navigation message carried in the locating signal and automatically locating according to the locating information in the navigation message, so the computation burden of a service desk can be reduced; furthermore, compared with location realized by an orthogonal frequency division multiplexing (OFDM) modulation mode, the embodiment of the invention has the advantages of improving the location accuracy and reducing the location complexity.