Of course it can. All you have to do is attach it to a taller flag pole.
Another View: (in the US) No. The rules of flag etiquette of the United states deem that when displayed along with other flags on a single pole, the US flag should be displayed at the highest position on the pole, and when in a grouping of multiple flagpoles, the US flag should be displayed higher than any other flag. These flag rules apply only in the US and its territories, of course, other nations may have differing rules.
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The American flag should be flown above a light as a sign of respect
No flag can be flown the American flag when on American soil.
You'll want to fly the most recent version of the American flag on top. You can then fly the historical version below and normally etiquette will say to fly a smaller size for that historical one. The 50 Star American flag should always be the most prominent.
Libya
July 20 1969