diff --git a/charts/lgtm-distributed/Chart.yaml b/charts/lgtm-distributed/Chart.yaml
index 04cf805e07..79bc3cf68f 100644
--- a/charts/lgtm-distributed/Chart.yaml
+++ b/charts/lgtm-distributed/Chart.yaml
@@ -3,8 +3,8 @@ apiVersion: v2
 name: lgtm-distributed
 description: Umbrella chart for a distributed Loki, Grafana, Tempo and Mimir stack
 type: application
-version: 1.0.1
-appVersion: "6.59.4"
+version: 2.0.0
+appVersion: "^7.3.9"
 
 home: https://grafana.com/oss/
 icon: https://artifacthub.io/image/b4fed1a7-6c8f-4945-b99d-096efa3e4116
@@ -44,19 +44,19 @@ dependencies:
     alias: grafana
     condition: grafana.enabled
     repository: https://grafana.github.io/helm-charts
-    version: "^6.59.4"
+    version: "^7.3.9"
   - name: loki-distributed
     alias: loki
     condition: loki.enabled
     repository: "https://grafana.github.io/helm-charts"
-    version: "^0.74.3"
+    version: "^0.79.0"
   - name: mimir-distributed
     alias: mimir
     condition: mimir.enabled
     repository: "https://grafana.github.io/helm-charts"
-    version: "^5.0.0"
+    version: "^5.3.0"
   - name: tempo-distributed
     alias: tempo
     condition: tempo.enabled
     repository: "https://grafana.github.io/helm-charts"
-    version: "^1.6.4"
+    version: "^1.9.2"
diff --git a/charts/lgtm-distributed/README.md b/charts/lgtm-distributed/README.md
index 76c4bae8db..ad3c7d0c4e 100644
--- a/charts/lgtm-distributed/README.md
+++ b/charts/lgtm-distributed/README.md
@@ -1,6 +1,6 @@
 # lgtm-distributed
 
-![Version: 1.0.1](https://img.shields.io/badge/Version-1.0.1-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: 6.59.4](https://img.shields.io/badge/AppVersion-6.59.4-informational?style=flat-square)
+![Version: 2.0.0](https://img.shields.io/badge/Version-2.0.0-informational?style=flat-square) ![Type: application](https://img.shields.io/badge/Type-application-informational?style=flat-square) ![AppVersion: ^7.3.9](https://img.shields.io/badge/AppVersion-^7.3.9-informational?style=flat-square)
 
 Umbrella chart for a distributed Loki, Grafana, Tempo and Mimir stack
 
@@ -24,10 +24,10 @@ Umbrella chart for a distributed Loki, Grafana, Tempo and Mimir stack
 
 | Repository | Name | Version |
 |------------|------|---------|
-| https://grafana.github.io/helm-charts | grafana(grafana) | ^6.59.4 |
-| https://grafana.github.io/helm-charts | loki(loki-distributed) | ^0.74.3 |
-| https://grafana.github.io/helm-charts | mimir(mimir-distributed) | ^5.0.0 |
-| https://grafana.github.io/helm-charts | tempo(tempo-distributed) | ^1.6.4 |
+| https://grafana.github.io/helm-charts | grafana(grafana) | ^7.3.9 |
+| https://grafana.github.io/helm-charts | loki(loki-distributed) | ^0.79.0 |
+| https://grafana.github.io/helm-charts | mimir(mimir-distributed) | ^5.3.0 |
+| https://grafana.github.io/helm-charts | tempo(tempo-distributed) | ^1.9.2 |
 
 ## Values