Concept:
In alphabet series, each letter corresponds to its position in the English alphabet:
\[
A=1,\ B=2,\ \ldots,\ Z=26
\]
We analyze the pattern by converting letters into numbers and then studying differences.
Step 1: Convert letters into numerical positions.
\[
M=13,\ N=14,\ O=15,\ L=12,\ R=18,\ I=9,\ V=22
\]
So the series becomes:
\[
13,\ 14,\ 15,\ 12,\ 18,\ 9,\ 22,\ ?
\]
Step 2: Find the pattern in differences.
\[
14 - 13 = +1
\]
\[
15 - 14 = +1
\]
\[
12 - 15 = -3
\]
\[
18 - 12 = +6
\]
\[
9 - 18 = -9
\]
\[
22 - 9 = +13
\]
So pattern is:
\[
+1,\ +1,\ -3,\ +6,\ -9,\ +13
\]
Step 3: Observe the pattern carefully.
From \(-3,\ +6,\ -9,\ +13\), we see alternating signs and increasing magnitude:
\[
3,\ 6,\ 9,\ 13
\]
Differences are increasing roughly by +3, +3, +4.
So next difference will be approximately:
\[
-17
\]
Step 4: Find the missing term.
\[
22 - 17 = 5
\]
Now convert back:
\[
5 = E
\]
Step 5: Final answer.
\[
\boxed{E}
\]