Upgrading RHEL7 with LUKS encryption to RHEL8 with LUKS encryption

Hello,

I am researching to see whether it is possible to upgrade a RHEL7 system that has LUKS encryption enabled to RHEL8 with LUKS encryption enabled without having to rebuild/re-kickstart the system all the while having our data preserved. Any suggestions/pointers/feedback would be greatly appreciated!

Thank you,
SEG