No. The MediaTek MT8382V lacks kernel 3.4 support for newer Android versions. Android 7.1 is the realistic maximum. Any claim of Android 10 is fake or will have no hardware acceleration.
Before touching anything, boot into TWRP and select Backup . Backup Boot, System, and Data to your MicroSD card. Copy this backup to your PC. This is your lifeline. lenovo a3500-hv custom rom
Install Kernel Auditor. Under CPU settings, set the governor to Hotplug (if available) or Ondemand . Disable one core at low battery. lenovo a3500-hv custom rom
Replace Trebuchet (default) with or Lean Launcher . They consume ~30MB less RAM. lenovo a3500-hv custom rom