Version: 2017.1
public bool useWorldSpace ;

Description

If enabled, the lines are defined in world space.

This means the object's position is ignored, and the lines are rendered around world origin.

using UnityEngine;
using System.Collections;

public class ExampleClass : MonoBehaviour { void Start() { LineRenderer lineRenderer; lineRenderer = gameObject.AddComponent<LineRenderer>(); lineRenderer.useWorldSpace = false; lineRenderer.material = new Material(Shader.Find("Particles/Additive")); lineRenderer.SetColors(Color.red, Color.yellow); } }