Hi
You will likely need some laser to lighten that or a massive bold piece to cover over it.
That said all it needs is a bit of love and reshade and some extra linework and you will freshen up a stroming tattoo.
My advice is forget the cover-up get a pro artist to rework those lines add some more shade (or even some colour) and add some drop shading to the name, with some white highlights.
The tattoo will look great again and you will prob feel a whole lot better about it.
Take Care
Matthew