What is a Link-Local IP Address?
Link-local IP address ranges
Link-local addresses may be assigned manually or automatic operating system procedures. They are assigned most often via autoconfiguration. They are normally only used to assign IP addresses when no mechanism of address configuration exists, such as DHCP, or when another configuration method has failed.
The ranges and the amount of usable IP's are as follows:
169.254.1.0 - 169.254.254.255