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"is likely to fail" is correct and can be used in written English.
It is often used to indicate that something is probable, but by no means certain. For example: "Given the current economic climate, this business venture is likely to fail."
Exact(58)
He recognizes that an effort to save lighthouses far at sea like Armen, La Jument and Kéréon, all now automated and without keepers, is likely to fail.
Anything less is likely to fail.
Sure, this idea is likely to fail.
The stimulus is likely to fail.
The alien search, they add, is likely to fail.
The threat of exemplary damages is likely to fail the legal test.
A suit becomes less likely because any such challenge is likely to fail.
The quest to reverse Obama's immigration actions is "likely to fail" in court, Hanen said.
Even a balanced and reasonable individual is likely to fail in this situation.
For that reason, many officials suspect that this latest initiative is likely to fail.
Any attempt to professionalise or systematise the Olympic volunteering is likely to fail.
More suggestions(18)
is likely to grow
is likely to matter
is likely to pass
is likely to appear
is likely to recover
is liable to fail
is likely to continue
is likely to brew
is likely to keep
is likely to mean
is likely to ignore
is sure to fail
is likely to disappear
is likely to plummet
is likely to stop
is likely to happen
is likely to linger
is likely to repeat
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com