The Foxes have dropped five points in the last two games, though remain in third place on the Premier League table and so in the automatic Champions League qualifying places.
Leicester, shorn of the likes of James Maddison and Harvey Barnes, are at Brighton on Saturday and Hoddle says he's admired the way the Foxes have managed to maintain a winning consistency even when losing senior payers to injury over the course of the season.
He said on his podcast, ' The Glenn Hoddle Footy Show': "The whole of the season I've been impressed by Leicester, not just with the way they've played, but with how they've coped losing key players. They've lost centre-backs, midfielders, front players and they've always managed to overcome and keep the performance level really high.
"But now, just now, it's an awful time to be hit by a little bit of poor form and they're now going to be tested to the hilt.
"Brendan Rodgers has done a great job there, he really has, but now comes a test."
Indeed, Hoddle believes given Leicester's current stumble and their injuries, there's hope for those teams just outside the top four to challenge the Foxes.
He continued: "This gives them some sort of glimmer of hope in many ways because I think Leicester are going to find it very difficult in the coming weeks. I've thought that, but I could be wrong and they could adjust again. But does the depth of their squad really go so, so deep? I'm not so sure."
Hoddle believes Leicester will have to stand their ground if they're to finish a Champions League qualifier, the Spurs great arguing the squad doesn't have the depth for Rodgers' team to fight back into the top four should they drop out. However, he also believes Rodgers and his tactics will be key to any top four finish.
He reasoned: "There's a lot of big clubs now chasing them. I think if they do slide out of the top four, I don't see them as a squad that can jump back in there.
"But if they can consolidate... I think Brendan Rodgers is clever enough in games to think 'we're going to have to do this differently'. So if they're leading, they're going to have to see the game out. They usually play the same way, with very open football, good football.
"But I think he's going to have to look at things differently. Obviously, the big question mark is if they can get in that winning position firstly."
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