All you need to use it the iterator.nextIndex() to return the current index that the iterator is on. This could be a bit easier than using your own counter variable (which still works also).
public static void main(String[] args) {
String[] str1 = {"list item 1", "list item 2", "list item 3", "list item 4"};
List<String> list1 = new ArrayList<String>(Arrays.asList(str1));
ListIterator<String> it = list1.listIterator();
int x = 0;
//The iterator.nextIndex() will return the index for you.
while(it.hasNext()){
int i = it.nextIndex();
System.out.println(it.next() + " is at index" + i);
}
}
This code will go through the list1 list one item at a time and print the item's text, then "is at index" then it will print the index that the iterator found it at. :)