Let's say i made 10 snapshots on top of the base.

Now can i delete snap no. 5? Will the snaps after 5 will be affected?

Solved

Yes, one can delete consecutive snapshots. The data won't be deleted unless all snaps ( reference points ) get deleted.

Note: If you delete the original file and delete all the snapshots made when the file is still there, the file will get deleted permanently.