Solution:
Let d=gcd(xk,xk+1). Then lcm(xk,xk+1)=xkxk+1/d, and
gcd(xk+1,xk+2)=gcd(xk+1,dxkxk+1+xk)=gcd(xk+1,dxk(xk+1+d)).
Since xk+1 and xk/d are relatively prime, this equals gcd(xk+1,xk+1+d)=d. It follows by induction that gcd(xn,xn+1)=gcd(x1,x2)=19 for all n≥1. Hence gcd(x1995,x1996)=19.