Line trip events widely exist in power systems. They can result in power outages and a huge economic loss if not promptly detected and localized. To provide a fast and precise solution, this paper presents a Complete Coverage of Voltage Measurement (CCVM)-based line trip event detection algorithm and a Relative Phase Angle (RPA)-based line trip event localization algorithm. First, frequency and relative phase angle features during a line trip event are calculated. Then, the CCVM-based algorithm is proposed from both frequency and rate of change of frequency estimation algorithm aspects. Additionally, the RPA-based algorithm is presented, and two cases are studied to demonstrate the uniqueness of the proposed algorithm. Various experiments are conducted, where the simulation results demonstrate that the proposed CCVM-based algorithm can detect a line trip event as short as 2.07 ms. In addition, the RPA-based algorithm has 1.26 times higher localization accuracy compared with the frequency magnitude-based and phase angle-based algorithms. The experiment results on the examples from two interconnected power systems in the U.S. verified the performance of the proposed algorithms in wide-area power systems.