That may have been Tolkien's intention but to be honest I didn't find what I've read and seen of LotR particularly Anglo-Saxon.* (Maybe if he wrote it as a poem or something...) Sure, it's partly inspired by Norse legends and whatnot,** but from what I can see also by a bunch of non-Germanic things, including Tolkien's own fantasy. I'm no scholar but from what I do know I wouldn't say LotR is particularly authentic as an Anglo-Saxon or just "Germanic" story... AFAIK Tolkien himself never meant it to be The Real Thing, though?


*Note, though that I never managed to finish the novel. I watched the movies, though, for what it's worth.
**Which is another rather tricky thing...