I agree that random hyperplanes are underpinning both, but as far as I recall, usually only one set of random planes is used in LSH (i.e. one set of trees). The granularity of approximate proximity rests in the number of identical signs, i.e. being on the same side of the plane.
There is another good and more technical explanation (using bands) in chapter 2 of mining massive datasets by Leskovec, Rajaraman and Ullman.