The elves in Lord of the Rings are an ancient and magical race. They are one of the oldest races in Middle-earth, and they live in the forests and mountainous regions of Middle-earth. In the Lord of the Rings trilogy, the elves play a major role in the story and are involved in many of the battles and conflicts that take place. The most notable elven characters in the trilogy include Galadriel, Legolas, and Arwen.