Will it delete my whole iTunes account?

I have an iPod and I want to reset it because it's locked but I don't want it to erase my whole iTunes account because I got an iPhone and I bought a bunch of stuff so if I reset my iPod will it effect my iPhone in any way? Will it delete my iTunes account?

Your iTunes account should be linked to the email you used to set up your iPod so as long as you have the e mail and password you should be able to have all your music on your account. Also if you plan to put your music on your phone here are the steps.
1. Go onto your iTunes account through your phone
2. Put your e mail n password in
3. There should be an option to download your purchased music

Also consider going to apple for help or the apple website

Resetting the ipod will not affect your itunes library in anyway, you can safelt reset it and your library will stay intact and it won't affect what you do with your iphone.