Does IntelliJ IDEA's Live Template feature support the ability to remove the current line(s) the user is interacting with before replacing it with the live-template content?
I know I can use the parameter $SELECTION$ to take the current highlighted code, but is there a way to delete the rest of the current line(s)?
(Similar action would be like the "Keymap -> Editor Actions -> Delete Line" keyboard command).
I don't know if I may have missed it in the docs: 
Jetbrains live-templates variables documentation
Example Setup of Live-template (for Java):

Example usage would be to highlight the String parameter in: System.out.println("highlight me!"); and use Ctrl + Alt + J to open available templates and convert it:

                        
After further investigation. This is not possible in the current version of IntelliJ Idea. Closing question.