LXD wont start after spontaneous snap update

The LTS series channels are named like <version>/stable e.g. the current LTS series is 5.0/stable (see Managing the LXD snap).

Because you cannot downgrade from a feature release, you equally cannot downgrade back to an LTS release. So you would need to reinstall LXD from scratch using an LTS channel, such as sudo snap install lxd --channel=5.0/stable.