Can I go directly to Jira 7.8 from our current version of 7.3.6?
Sure. It should be doable (with Jira's frequent releases nowadays - you'll want to skip things).
However, that said - upgrade in a non-production environment first. Depending on your availability requirements - you might want to skip the .0 releases though ;) ).
Most importantly: Read every release note that you're jumping over and the upgrade notes of them. There might be some fine print that will spare you some grief.
And upgrade non-production first...
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