We don't know your school, district, or your total application package. But if someone set up a poll - i'd pick Yes, still have a chance with 1 year of language.
Your two best sources will be YOUR ALO, FFR, BGO and your GC. They will have a pulse on the candidates from your school, area, and how the Academy will view your situation. Check with your high school to make sure you are meeting the district requirements. My DD's district requires 2 classes of language other than English.
Now, assuming it's not a pivotal admissions factor and you meet your district requirements: I don't agree to take a class - this is my advice for your specific situation. What worked for others - only works for others. I HANDS DOWN recommend you spend this time studying for the ACT/SAT, given your prior posts and current scores. Blast from ACT 25 to 30+, score a perfect CFA, and/or work on meaningful leadership roles. And for whatever classes you are taking in lieu of language - hopefully those are higher level chem, phys, english, comp sci - do well in those classes. You need to show you can do well in those at USAFA, and you'll be taking 2 language classes.