Nop! Not a single bit!

I doesn't fit the pronunciation rules of most latinamerican countries, not even Brazil. I mean, How do you "say" that? what sound does the X represents? It's like "LatinEx"? That sounds so silly! Like a Kingdom Hearts Villain or something.

If you want to be inclusive / non-binary, you better use "Latine" (La-ti-ne). That's how the "inclusive language" works here.

Although, I argue that "Latino" is OK either way, since you're talking about the collective from "LATINO-America".