Nigel Pearson said the sheer determination of his Leicester players deserved to earn them a 2-2 draw against Watford at the King Power Stadium.
City, who had won their last nine Championship games, snatched a point with a dramatic late goal from Danny Drinkwater.
It looked as though top-of-the table Foxes were heading for their first league defeat since they lost at Brighton on December 7, when they went into five minutes of stoppage time trailing 2-1.
Despite plenty of pressure from Leicester in the second-half, Watford had held firm with some stubborn defending after taking a 2-0 lead in the first 41 minutes.
Fernando Forestieri netted with a diving header in the ninth minute from Troy Deeney's driven ball across the box with Leicester appealing in vain for an offside decision.
Then Sean Murray rifled a rifled a 25 yard drive into the bottom corner to rock the league leaders four minutes before half time. But Leicester gained a foothold in the match two minutes later with Matty James scoring his first goal of the season from Ritchie De Laet's low cross.
But with only a minute of stoppage time left, Watford were on the brink of a shock victory until Drinkwater struck a stunning volley from 20 yards to extend the Foxes unbeaten run to 11 games and stretch their lead at the the top of the table to 11 points.
Leicester boss Pearson said: "We certainly deserved to get something out of the game. It is always difficult when you go two goals down and we were disappointed in the manner in which we conceded them.
"But you have got to give Watford credit. I thought their game plan was thorough and they didn't allow us too much space behind their defenders.
"They defended very deeply and tried to limit the opportunities for us to cause them problems. But all in all, I don't think anyone could argue that we didn't deserve to get something out of the game because we dominated the vast majority of it.
"They did well to go two goals up but we got something out of the game because we are a good side and we showed real determination to get back into the game.
"To score the first goal just before half time was very important for us and we then put them under an immense amount of pressure in the second-half. The goal which got us the equaliser was a stunning strike and it was a good result to keep our unbeaten run going."
Watford head coach Giuseppe Sannino said he was disappointed because of the lateness of Leicester's equaliser but happy with the performance of his players.
He said:" I think it was a very,very good performance against a team who have been on such a great run with nine wins.
"I think we created a lot of problems for them today. But we did not change our tactics for this match. We always play this system. We were playing against a team who have a lot of pace so we had to deny them space.
"We knew they would come back at us in the second half because they have that quality. But we also had chances to kill the game off. So, yes it was disappointing because of how late the equaliser came but I was happy with the performance.
"It was a fair result and I think Leicester deserve to be top of the table because of their consistency this season."