Hmmkay...

His banner lies in his own blood

and

Fell with the tower

Fingon and Turgon?

Yep.

Deprived of love and recognition.

Singing sadly on the shores.

Fingolfin and Maglor?

Maglor's correct. Fingolfin isn't.

Curufin? or Celegorm?

Nope, you're on the right track though.

Orodreth?

No.

Hint: House of Feanor.

Could it be Amrod and Amras for the first part?

Nope.

Celebrimbor?

Yes. You're up NK.

Thank you.

Died among the dead

and

The longest reign

Aldor the Old and Baldor?

Other way around, but yes. :p

Playful fighter challenges small foe.

He killed his countrymen to save the one he loved.

Could the second one be Tuor?

Nope.

Gorlim then?

Not Gorlim either :confused:.

Hint: Think 3rd Age characters.

Fram and.....(fram is for first one) Smeagol? he killed his cousin for the prescious, which he loved

Nope.

Could the first be Pippin 'challenging' Bergil?
As for the second...Denethor??

Bergil and his dad, Beregond! :D

Olorin_TLA has it!

*Bump*
 

Olorin?

Well after clarifying that relatives don'thave to be blood relatives with Fingolfin here, I challenge ye all!

He was an evil lord

He was a master of his "craft", following in his predecesor's..."career"

Mwahahahahaha!!! :D

Morgoth and Sauron?

Or Sauron and Saruman.

Nope. :D

I am being evilly devious with my 2 statements, btw. :D

Could the second one be Radagast?

Just to clarify the rules, the two people must be related, unless they are BOTH Ainur (i.e. Gandalf and Saruman). So now you also a hint to the answer of Olorin's question....

Galadriel and Celebrian?

Yep. Your turn.

Found the most valuable treasure

and

First killed by fire

Random guess. Deagol and Smeagol?

Is the second one Feanor? First killed by fire- he was the first slain by Gothmog?