All correct!
And yes, "Elves" is the password.
1. To revive, counsellor's end becomes new beginning.
LEGOLAS: Building blocks? Near-maiden? Isn't he obvious?
VORONWË: Wander at this time, in turmoil, to find lost sailor.
EÖL: Feline is confused- but he is dark and perilous!
SERINDË: Meanwhile, antelope's cousin is tumbled about and suffused with evil. (No wonder she has a death wish).