The Bhoys are lagging behind Rangers in the league and cannot progress to the Europa League knockout rounds.
"I could have been, I could have been. I wasn't expecting it, no. But I could have been," Lennon said when asked about being sacked on Wednesday.
"I am very grateful. I'm grateful that they gave me the opportunity the first time, and they've given me the opportunity again. They know what I'm capable of.
"But this club doesn't sack managers just for the sake of it. They think about it deeply by looking at the philosophy."