So the Edhelharn tokens tell us. (Edhelharn is Sindarin for "Elfstone.")
Hope really is found throughout Middle Earth, although the times are extremely dark. In LOTRO, Hope is a good thing to have - it increases our morale, boosts the damage we do, makes healing easier. Aside from the normal ways of increasing Hope - Edhelharn tokens, Horn of the Dwarrowdelf, Destiny Points, etc. - many places and NPC's around Middle Earth radiate an aura of Hope.
|Leeowyn is feeling pretty hopeful.|
If you have never noticed it before, go stand beside Frodo inside the House of Elrond. You'll see Gandalf's +9 Hope buff, but you will also see an icon for +1 Dread - it is coming off the Ring, of course.
"Indeed there is a power in Rivendell to withstand the might of Mordor, for a while: and elsewhere other powers still dwell. There is power, too, of another kind in the Shire."
The Hope stat gives us a good way to remember the positive power of those places and characters, and gives us a little extra boost to help see us through the task at hand.
Sources: The Fellowship of the Ring