The invention discloses lithium lubricating grease. The lithium lubricating grease is prepared from raw materials in parts by weight: 75-88 parts of base oil, 0.5-2.5 parts of an anti-wear agent, 0.1-1.5 parts of an anti-rust agent, 0.1-1.5 parts of an antioxidant, 5-25 parts of a lubricating agent, 5-15 parts of a thickening agent and 0.6-2.0 parts of a saponifying agent. The lithium lubricatinggrease has the advantages of good colloid resistivity, superior mechanical resistivity and the like of traditional lithium lubricating grease, and meanwhile, the anti-wear property of the lithium lubricating grease is greatly improved. Furthermore, the lithium lubricating grease has a superior anti-oxygen property, can significantly shorten the saponifying reaction time, reduce the saponifying reaction temperature, and greatly improve the resistivity, stability and the wear-resistant property of basic lithium lubricating grease, and the lithium lubricating grease can be qualified for the severworking conditions of high temperature, high speed, high load, excessive water and the like.